File #: ID 19-1941    Version: 1 Name: Financial RFP for Vehicles and Associated Equipment
Type: Action Item Status: New Business
File created: 2/22/2019 In control: Board of Commissioners
On agenda: 3/4/2019 Final action:
Title: Financial RFP for Vehicles and Associated Equipment
Attachments: 1. Lease Purchase Proposals Received - Feb 2019, 2. Rutherford County Muni Lease Proposal 2-19-19 - Regions Bank

 

Meeting Date:                     March 4, 2019

 

Title

Financial RFP for Vehicles and Associated Equipment

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Summary:

summary

 

Bids were received on February 19, 2019 for financing of vehicles and associated equipment that were included in the 2018-2019 budget.  Financing will be a 36-month term in accordance with G.S. 160A-20 for the following vehicles and associated equipment:

 

General Fund  & Solid Waste Equipment with a 36-Month Term for $866,000

Sheriff - 9 vehicles

Building Inspections - 3 vehicles

Animal Control - 1 vehicle

Maintenance - 2 mowers

DSS - 2 vehicles

Solid Waste - roll off truck, containers and loader

 

 A copy of the summary of bids received and the recommended proposal from Regions Bank are on the following pages.

 

 

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Budget:

 

N/A

 

Contact Information:

 

Paula Roach, Finance Director

287-6348

paula.roach@rutherfordcountync.gov

 

Recommended Motion:

recommended action

 

Approve low financing bid of Regions Bank.