HomeMy WebLinkAboutR-95-0216J-95-250
3l15/95
RESOLUTION NO. 9 5" 2 16
A RESOLUTION AMENDING RESOLUTION NO. 95-195,
ADOPTED MARCH 91 1995, WHEREBY THE
LEASE/PURCHASE OF ONE HUNDRED (100) 1995
CHEVROLET CAVALIERS FROM MAROONE CHEVROLET,
AT A PROPOSED AMOUNT OF $1,109,500.00, 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. 95-195, adopted March 9,
1995, the Lease/purchase of one hundred (100) 1995 Chevrolet
Cavaliers from Maroone Chevrolet at a proposed amount of
$1,109,500.00, 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:
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.
:Cry C�'-
MEETING OF,
MAR ? 7 19%
�s bolkktin No,
95- 216
4,
Section 2. Resolution No. 95-195, adapted March 9, 1995,
is hereby amended in the following particulars:
i
Section 2. The tease-tpurchase of one hundred
(100) 1995 Chevrolet Cavaliers, at a proposed total
cost of $1,109,500.00 from Maroone Chevrolet, is hereby
approved; said vehicles to be auqatred bliroagh
therefor hereby allocated from the Department of
General Services Administration/Solid Waste Operating
Budget Account Code No. 420902-880, Project No. 509000.
Section 3. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this 27th day of March , 1995.
ATTEST: STEPHEN P. CLARK, MAYOR
TTY HIRAI, CITY
PREPARED AND APPROVED BY:
RAFAEL'O. DIAZ
DEPUTY CITY ATTORNEY'
APPROVED AS TO FORM AND CORRECTNESS:
h
A. QU NN d N S, III
CITY ATTO�11Y
I
M4997
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- 216
�x1
5
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO ' Honorable Mayor and Members DATE : KC 16 1995 FILE
of the City Commission �'Yu�
SUBJECT:
Agenda Item
FROM : REFERENCES:
Ces Odio
City ger ENCLOSURES:
, a Y�Y.. \ i
It is respectfully recommended that the attached resolution
amending Resolution No. 95-195, adopted March 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. 95-195 approved the
Lease/Purchase of one hundred (100) 1995 Chevrolet Cavaliers
from Maroone Chevrolet at a proposed amount of $1,109,500.00 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 $39,000.
IV 95- } 16 .5-1
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