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• • <br />REQUEST FOR CITY COUNCIL AG ADA ITEM <br />Agenda Date Requested: Mav ~3 <br />Requested By: <br />Joel H. Albrec t rtment:Community Developme--t <br />Report Resolution XX Ordinance <br />Exhibits: Staff Memo <br />Bid Tabulations <br />On May 4, 1988, the City of La Porte opened bids for purchase of <br />sixty (60) electric golf cars for La Porte's Bay Forest Golf <br />Course. <br />The City received bid packages from five (5) companies which are <br />listed as follows: <br />OPTION N0. ~ BIDS <br />1. Associated Battery Supply $132,444.00 <br />2. Melex USA, Inc. $133,188.00 <br />3. E-Z-Go Textron $152,755.20 <br />4. Columbia Parcar Corp. $154,519.20 <br />5. Watson Distributing $162,007.48 <br />The bid was designed to receive 3 different payment options. By <br />using options No. 3, the low bid meeting all specifications was <br />the E-Z-Go car by Textron. <br />Staff recommends award of the bid to E-Z-Go for sixty (60) <br />electric golf cars in the amount of $152,755.20 which is their <br />option No. 3 bid. Option No. 3 was selected because it allows for <br />payment of the cars as they are producing revenue and will <br />conserve current working capital. By investing this working <br />capital at an average interest rate of 6.7%, the City will incur <br />an additional expense of $1,537.17 by selecting option No. 3 <br />versus paying cash at delivery. <br />Action Required by Coun >>- <br />Approve the purchase of 60 E-Z-Go golf cars in the amount of <br />$152,755.20, under payment option No. 3 which is 4 equal payments <br />of $38,188.80. <br />Availability of Funds: <br />General Fund <br />~_ Capital Improvement <br />Other <br />Account No. 005-800-800-850 <br />Water/Wastewater <br />General Revenue Sharing <br />Funds Available: _ YES _ NO <br />Annroved for City Cou~~~t Agg;; <br />Robert T. Herrera DATE <br />City Manager <br />