Res. No. 233-00-11125Resolutions.233-00-11125
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
SOUTH MIAMI,FLORIDA,AUTHORIZING THE CITY MANAGER TO ENTER INTO
A CONTRACT WITH MBCC NATIONAL TRUCK OFFICE,FOR LEASING A
TRUCK,AND CHARGING THE DISBURSEMENT TO ACCOUNT NUMBER 001-
2050-519.4455,"LEASE PURCHASE TRUCKS",FOR AN AMOUNT OF$6,877.45.
WHEREAS,pursuant to Article III,Section 5,H,of the City Charter requires bids
be obtained for services and or purchases of items over $5,000.00;and
WHEREAS,TheCityhascontractedwithMBCC National TruckOffice;and
WHEREAS,Utilizing this company would provide uswitha5yearlease
agreementandoptionattheend of theleasetopurchase;and
WHEREAS,The Parks&Recreation Department's Parksand Landscape Division
isingreatneed of anewvehicleduetothefactthattheoldertruck ('85)wasauctionedoff.
NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF SOUTH MIAMI,FLORIDA:
Section 1.Thatapurchaseorderbe established toMBCCNationalTruck
Office inthe amount of $6,877.45 and charging account number
001-2050-519.4455,"Lease Purchase-Trucks".
Section 2.This resolution shalltake effect immediately upon approval.
ATTEST:
PASSEDANDADOPTEDthis 21st day of November2000.
CITY CLERK fl
,>x^
OVED AS TO FORM:
APPROVED:
MAYdk
COMMISSION VOTE:
Mayor Robaina:
Vice Mayor Feli u :
Commissioner Bethel:
Commissioner Wiscombe
Commissioner Russell:
5-0
Yea
Yea
Yea
Yea
Yea
Mi
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OTY OF SOUTH MIAMI
INTER-OFFICE MEMORANDUM
TO:Mayor&Commission
FROM:Charles D.Scurr
City Manager
DATE:
SUBJECT:
November 15,2000,
Agenda #
Commission
Meeting
November 21,2000
MBCC National Truck
REQUEST
Thepurpose of this memorandum isto recommend theapproval of theattachedresolution
toenterintoafive-yearleasewithMBCCNational Truck Office fora2000Ford F250,4
doorcab pick-up truck.
BACKGROUND &ANALYSIS
TheParks&RecreationDepartmentisingreatneedtoupdatethecurrenttruckthatisbeing
usedonadailybasis.TheLandscapingDivisionusesthis vehicle foralldailyduties
encompassing theCity of SouthMiami.The truck is15yearsold,andhashad numerous
repairs.This vehicle hasbeenauctioned off duetothefactthatitwasnolongerserviceable.
The addition of a new truck would allow fora mobile crew to visit and inspect allCity
parks/City areasonadailybasis.
MBCCNational Truck Office wouldprovidealeaseagreementfor5yearsandattheend of
that time,theParks&RecreationDepartmentwouldhavetheopportunitytopurchasethe
pick-uptruckfor$1.00,asperlease agreement.TheCityhassoughtvariouscompaniesto
supply different types of leases,andthis company hasbeenthe best allaround.
Leasingcostfortheabove mentioned,would be$6,877.45peryear.Fundstopurchase/lease
this vehicle would be disbursed from account number 001-2050-519.4455,"Lease Purchase
Trucks".
Available account balance is $6,877.45.
RECOMMENDATION
Approval is recommended.
Commotion Track Onur MBCC National 2000
M~ItVJF Ji%&JPJfl&HW sttoAL mu|Aj[NO.1407 3623849 ^j.3
MBCC -National Truck Office
Municipal lq«m Quota
Quote Date 6/01/2000
CityofSouth Miami
Payments In A4ytWK9 Payments In ArreArg
Annual Payments with $1 AnnualPayments with Si
Buyout Buyout ,
ContractTerm 5Years 5 Years
Interest rate for delrverte*and contracts [
funded by June 30,2000 I 6.47%I I 6.50%
Annual Payment Amount $6,454.45 $6,877.45
HL
E -Q U_l P ,M E N T INFORMATIO fij
Quarm E>tDftHvprv Am&wnt.FinQncetf
\F250 4-d00r ceb 1 s/SOOO sm.sbloo Equipment Price
5JLQQ DownPaym«nt
$26,W1.00
This proposal Is for Lease•Purchaseonlyandissubjectto:
1.Completionof mutually acceptabledocumentation.
2.A review ofthe proposed essential us*ofthe equipment and a f'nai credit approval prior to funding.
3.No material adversechange In the financial condition prior to funding.
4.Receipt ofacopyofthelast years'audited financial statements andthe currant year budget.
5.No change in Federal or applicable state orlocal tax law,regulations,case law,rulings,or other interpretations by the
Internal Revenue Service that would affect adversely any Federal,stateor local tax benefit assumedin determining the above
proposal.
6.Thatthe Interest portion ofthe payments tobemade under theLease•Purchase agreement shall boexempt 1rom Federal
Income taxes under section 103 of the Internal Revanue Code.
NOTE:Thereare NO Acquisition or Up Front Foes
No Pre-Payment Penalties
Lease Purchase contract will not be sold off to investors
Contract administration andservicingwill bemaintainedby MBCC
»<
JP-l-CO THU 12:04 PM GEORGE-*ELLISOi
Prepared For:
Mr PEDRO
SOUTH MIAMI
AK
Quotation
Description
Vehicle Price (excluding Package Discounts)
Vehicle Subtotal
'I Option Discounts
Other (Discount)
Total Discounts and Other rebates
Net Selling Price
FAX HO.l 407 8623849 P.5
Prepared By;
GEORGE&DREW ELLISON
ATLANTIC TRUCKCENTER
2565 WEST STATE ROAD84
FT.LAUDERDALE,FL.33312
Toll free:1-888-763-7626 Phone:407-662-7408
FORD
TRUCKS
FordF-250 Super Duty
2000 Ford F-250 4x2SDRegularCab137"WB HD XL
_,MSRP
$27,465,00
$27,465.00
(60.00)
(1,825.00)
($1,885.00)
Destination
Total Quote
Total
(t/ffietf/t^lZ /*><&/*$
$25,58000
665.00
$26,245.00
$26,245.00
•1 N
Customer Signature
u.V.,TUL<&m'
Acceptance Date
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NOV-03-00 FRI 98:07 AM CITY OF SOUTH MIAMI 3056636348 p.ei
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