Explanation
1. BACKGROUND: This legislation authorizes the Director of Finance and Management to enter into a contract with FYDA Freightliner Columbus, Inc. for the purchase of one (1) 45' Derrick/Digger Truck in the amount of $182,915.00 and to transfer $182,915.00 from the Electricity Reserve Fund to the Voted Street Lighting and Electricity Distribution Improvement Fund.
2. CONTRACT AWARD: The Department of Finance and Management publicly opened three (3) formal bids on November 20, 2008. Bids were received from: Lift-All Division of Hydra-Tech, Inc. - $198,456.00; Center City International - $184,454.00; and FYDA Freightliner Columbus, Inc. - $182,915.00.
The lowest and best bid was from FYDA Freightliner Columbus, Inc. in the amount of $182,915.00. Their Contract Compliance Number is 31-0789102 (expires 10/16/2010, Majority). Additional information regarding all bidders, description of work, contract time frame and detailed amounts can be found on the attached Legislation Information Form.
3. FISCAL IMPACT: This legislation includes a transfer of funds from the Electricity Reserve Fund to the Voted Street Lighting and Electricity Distribution Improvement Fund as a temporary measure until such time as the proceeds from a bond sale can be made available.
Title
To authorize the Director of Finance and Management to execute a contract with FYDA Freightliner Columbus, Inc. for the purchase of one (1) 45' Derrick/Digger Truck with a Utility Body in the amount of $182,915.00; to authorize the appropriation and transfer of $182,915.00 from the Electricity Reserve Fund to the Voted Street Lighting and Electricity Distribution Improvement Fund; and to authorize the expenditure of $182,915.00 from the Voted Street Lighting and Electricity Distribution Improvement Fund for the Division of Power and Water. ($182,915.00)
Body
WHEREAS, the Division of Power and Water requires a 45' Derrick/Digger Truck to complete capital improveme...
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