HomeMy WebLinkAboutR-95-0215U-95-249
3/15/95
RESOLUTION NO.
95- 215
A RESOLUTION AMENDING RESOLUTION NO. 95-105,
ADOPTED FEBRUARY 9, 1995, WHEREBY THE
LEASE/PURCHASE OF 230 1995 CHEVROLET CAPRICE
PURSUIT VEHICLES UNDER EXISTING DADE COUNTY
CONTRACT NO. 3407-OEC-3, FROM ED MORSE
CHEVROLET, AT A PROPOSED AMOUNT OF
$3,544,373.60, FOR THE DEPARTMENT OF GENERAL
SERVICES ADMINISTRATION/SOLID WASTE WAS
APPROVED; THEREBY PROVIDING FOR THE PURCHASE
OF SAID VEHICLES WITH MONIES RECEIVED FROM
THE SUNSHINE STATE GOVERNMENTAL FINANCING
COMMISSION TAX EXEMPT COMMERCIAL PAPER
REVENUE NOTES.
WHEREAS, pursuant to Resolution No. 95-105, adopted
February 9, 1995, the lease/purchase of 230 1995 Chevrolet
Caprice pursuit vehicles, under existing Dade County Contract
No. 3407-EOC-3 from Ed Morse Chevrolet, at a proposed amount of
$3,544,373.60, for the Department of General Services
Administration/Solid Waste was approved; and
WHEREAS, it has been determined that it is more beneficial
to the City of Miami to purchase said vehicles with funds
received from the Sunshine State Governmental Financing
Commission Tax Exempt Commercial Paper Revenue Notes;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
CITY CODWSSION
MEETWG OF
MAP, 2. 7 1995
95- 1
Resoiutff t
0
t"001..
Section 1. The recitals and finding contained in the
Preamble to this Resolution are hereby adopted by reference
thereto and incorporated herein as if fully set forth in this
Section.
Section 2. Resolution No. 95-105, adopted February 9,
1995, is hereby amended in the following particulars: .1/ ,
u
Section 2. The tzxs�purchase of 230 1995
Chevrolet Caprice pursuit vehicles, at a proposed total
cost of $3,544,373.60, available under an existing Dade
County Hid No. 3407-EOC-3, is hereby approved; said
vehicles to be
Paper Revenue Notes and wtth--grids therefor hereby
allocated from the Department of General Services
Administration/Solid Waste Operating Budget Account
Code No. 420902-880, Project No. 509000.
* * * * * It
Section 3. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this 27th day of March 1995.
STEPHEN P. CLA K, MAYOR
ATTEST:
MATTY HIRAI
CITY CLERK
V Words and/or figures stricken through shall be deleted.
Underscore words and/or figures shall be added. The
remaining provisions are now in effect and remain unchanged.
Asterisks indicate omitted and unchanged material.
95-- 215
-2-
PREPARED AND APPROVED BY:
RAFAEL 0. DIAZ
DEPUTY CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
W. Q 72A,'T
NS,IIICITYY
M4996
-3-
95- 215
TO
FROM
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
Honorable Mayor and Members DATE
of the City Commission
Ces� Mdi
Cit ager
SUBJECT:
REFERENCES:
ENCLOSURES:
Cl
MAR 16 1995 FILE :
Agenda Item -
It is respectfully recommended that the attached resolution
amending Resolution No. 95-105, adopted February 9, 1995 be
approved; thereby providing for the purchase of said vehicles,
with funds for said purchase to be provided from monies received
from the Sunshine State Governmental Financing Commission Tax
Exempt Commercial Paper Revenue Notes and allocating funds
therefore from the General Services Administration/Solid Waste
Department Operating Budget, account code No. 420902-880, project
No. 509000.
The City Commission by Resolution No. 95-105 approved the
Lease/Purchase of 230 1995 Chevrolet Caprice pursuit vehicles,
under an existing Dade County contract No. 3407-OEC-3, from Ed
Morse Chevrolet at a proposed amount of $3,544,373.60 for the
Department of General Services Administration/Solid Waste.
However, it has been determined that it is more advantageous to
purchase the vehicles using funds available from the Sunshine
State Governmental Financing Commission. The interest rate from
Sunshine State is 4.25% as compared to 6.00% for a lease
purchase. This would be a savings of about $126,000.