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HomeMy WebLinkAboutItem O t � • March 13, 200031/1)ttto� STAFF REPORT � • ' /, To: Mayor Yost and Members of the City Council Attention: Keith R. Till, City Manager From: Stephen G. Badum, Director of Public Works/ City Engineer SUBJECT: AWARD OF BID —TELESCOPIC & ARTICULATING AERIAL DEVICE ("Bucket Truck") SUMMARY OF REQUEST It is recommended that Council award bid for the purchase of (1) Telescopic & Articulating Aerial Device to the lowest responsible bidder, Altec Industries, Inc. in the amount of $66,218 and approve attached resolution authorizing financing through Municipal Finance Corporation. DISCUSSION On November 10, 1999, bids were opened by the City Clerk for the purchase of a Telescopic & Articulating Aerial Device to be used in the Public Works Department. This is a specialized piece of equipment and there were a limited number of vendors available to submit bids. One bid was received as follows: 1) Altec Industries, Inc. $66,218.00 The sole bid by Altec Industries, Inc, meets the City's specifications. Staff has researched and found this to be an appropriate price based upon a review of costs for similar types of equipment. FISCAL IMPACT Funds to purchase/lease the equipment are available within the City's 99/00 budget under the Street Divisions operations account. The lease will be executed with Municipal Financing Corporation at a rate of 6.25%. RECOMMENDATION The proposed action will award the bid for a Telescopic & Articulating Aerial Device to the lowest responsible bidder, Altec Industries, Inc. in the amount of$66,218 and authorize the City Manager to execute lease documents with Municipal Financing Corporation. PREPARED BY: NOTED AND APPROVED: Stephen G. Badum,P.E., Director Keith R. Till, City Manager Public Works Department AGENDA ITEM 0