HomeMy WebLinkAboutM1992-200 - 08/11/1992Motions - 8/11/92
Motion authorizing the acquisition of two recycling trucks at a unit price of
$44,757.70 for a total of $89,515.40 from Power Equipment International, Corpus
Christi, Texas based on low bid; and authorizing execution of a lease-purchase
agreement by and through Associates Commercial Corporation, Irving, Texas. The
term of the lease-purchase agreement is five years at an annual interest rate of
6.62% plus a unit purchase price of $1.00 per truck at the end of the five year period.
Total purchase price is $104,814.20; including principal at $89,515.40, interest at
$15,296.80 and buy-out at $2.00. The award is in accordance with Bid Invitation No.
BI-0177-92 and is based on low bid.
M92-200