R-91-1650 - 9/12/1991 RESOLUTION NO. &SO/L/
WHEREAS, the City of Round Rock has duly advertised for bids to
lease/purchase various e�gq�uQQipm,e__n--t}} for use by the City, and
WHEREAS, WL has submitted the lowest and
best bid to lease/purchase said equipment to the City, and
WHEREAS, the City Council wishes to accept the bid of
Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the Mayor is hereby authorized and directed to execute on
behalf of the City a contract with /J-e1 L to
lease/purchase various equipment, a copy of said contract being
attached hereto and incorporated herein for all purposes.
RESOLVED this 12th day of September 1991.
MIKE ROBINSON, Mayor
City of Round Rock, Texas
ATTEST:
J NE LAND, City Secretary
RS09121D
The City of Round Rock, Texas
LEASANLS
Analysis of Equipment Leasing Bids 10-Sep-91
11:09 AM
CONSOLIDATED
COMPANY NAME BELL ATLANTIC G.E. CAPITAL SECURITY PACIFIC CARLYLE CAPITAL FINANCIAL SERVICES
------------------------ ---------------- ---------------- ------------------- ------------------ -----------------------
EFFECTIVE INTEREST RATE 7.04% 7.23% 8.18% 7.708% 8.008
------------------------ ---------------- ---------------- ------------------- ------------------ -----------------------
TOTAL COST ON PRINCIPAL
OF $147,996.28 $166,754.67 $167,549.46 $169,888.98 $168,477.12 $169,392.30
------------------------ ---------------- ---------------- ------------------- ------------------ -----------------------
SEMI-ANNUAL PAYMENTS $ 27,792.45 $ 27,924.91 $ 28,314.83 $ 28,098.02 $ 28,232.05
FOR 3 YEAR PERIOD
SCHEDULE A
PROPERTY TO BE FINANCED
DATE ACTUAL I.D. INVOICE
ITEM DEPARTMENT ACOUIRED COST NUMBER MANUFACTURER VENDOR NO. (DATE)
--------------------- ----------- ---------- ------------- ----------------- --------------- ------------------- ----------
Motorola Portable Police 21-Mar-91 $585.00 792TOW6908 Motorola Houston Galveston 02614
Radios(23) $585.00 792TQW6928 Area Council
$585.00 792TQW6890
$585.00 792TOW6840
$585.00 792TOW6931
5585.00 792TQW6951
$585.00 792TQW6889
5585.00 792TQW6917
$585.00 792TQW6884
$585.00 792TQY6846
$585.00 792TOW6905
$585.00 792TM765
$585.00 792TQW6907
$585.00 792TOW6735
$585.00 792TOY6831
$585.00 792TOW6909
$585.00 7921QW6823
$585.00 792TQY6826
$585.00 792TQY6839
$585.00 792TOY6827
5585.00 792TOY6824
$585.00 792TRA1707
$585.00 792TQY6833 Houston Galveston
H-GAC Fee Police 21-Mar-91 $403.65 Motorola Area Council 02614
Radar Units (4) Police 10-Jul-91 $1,155.00 31735A Decatur Decatur Electronics 39001
11-Jul-91 $1,155.00 31734A 39036
12-Jul-91 $1,155.00 31965A 39050
12-Jul-91 $1,155.00 31716A 39050
Marked Patrol Units
1991 Caprice Police 18-Mar-91 $14,440.90 IGIBL5379MR126096 Chevrolet Knapp Chevrolet 03/18/91
1991 Caprice Police 18-Mar-91 $14,440.90 1GIOL5377MR126615 Chevrolet Knapp Chevrolet 03/18/91
1991 Taurus Police 13-Mar-91 $10,798.00 1FACP50U6KA1B3693 Ford Lief Johnson Ford 61634
1991 Taurus Police 23-Mar-91 $10,798.00 1FACP50U4KA183692 Ford Lief Johnson Ford 61634
Radio Console Police 22-Apr-91 $9,723.00 329 Obracom Obrecom Systems 00447-000
SCHEDULE A
PROPERTY TO BE FINANCED
DATE ACTUAL I.D. INVOICE
ITEM DEPARTMENT ACQUIRED COST NUMBER MANUFACTURER VENDOR NO. (DATE)
..................... ----------- ---------- ------------- ----------------- --------------- ------------------- °°------
Riding Mower (4) Parks 22-Apr-91 58,200.00 10827 10828 Goldthwaites 57864
22-Apr-91 $8,200.00 10867 11404 Goldthwaites 57864
15-Mar-91 58,200.00 10440 10463 GoLdthwaites 56474
15-Mar-91 58,200.00 10850 10866 Goldthwaites 56474
Field Maint.Machine Parks 20-May-91 56,495.25 10344 Goldthwaites 59109
1991 GMC P.U. Parks 31-Jul-91 $12,880.58 1GTGR33K5MF702644 GMC Classic Oldsmobile 9687
1991 GMC 3/4tn Sierra Parks 25-JuL-91 $10,968.00 1GTFC24H1MZ529567 GMC Hendrix GMC Trucks,Inc.
386/SX Pars. Computer Public Work 05-Nov-91 $2,196.00 31108 Austin Austin Coop. Syst. 50441
386 Personal Computer Public Work 05-Nov-91 $2,482.00 31104 Austin Austin Comp. Syst. 50441
Lazer Jet III Public Work 16-Nov-90 $1,495.00 303BJ92038 Conpuadd 5878384
----------------
$147,996.28
DATE: September 10, 1991
SUBJECT: City Council Meeting, September 10, 1991
ITEM, 10.0. Consider a resolution authorizing
the Mayor to enter into a
lease/purchase financing agreement
for City equipment-. r
STAFF
RESOURCE PERSON: David Kautz
STAFF
RECOMMENDATION:
The current operating budget (fiscal year 1990-91)
provides for a lease/purchase program whereby certain
operating equipment is acquired and financed through a
three year tax exempt lease program.
Bids from qualified leasing companies are being
analyzed and a presentation and recommendation will be
made at the meeting. •— - '
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