HomeMy WebLinkAboutResolution_12-03/04_11/13/2003•
RESOLUTION NO. 12-03/04
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A RESOLUTION OF THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY,
FLORIDA, APPROVING THE PURCHASE OF ONE 2004
F150 4X2 CREW CAB, FROM MIRE DAVIDSON FORD,
OF JACItSONVILLE, FLORIDA, LOW BIDDER, FOR
THE NET CAPITALIZED COST OF $21,348.00,
PURCHASED WITH LEASE PURCHASE PROCEEDS, FROM
A 36-MONTH LEASE PURCHASE PROGRAM, PROVIDED
BY FORD MOTOR CREDIT COMPANY, HAVING AN
ANNUAL INTEREST RATE OF 4.90$, HAVING
MONTHLY PAYMENTS OF $655.63, HAVING THE
FIRST NINE (9) MONTHS OF PAYMENTS BUDGETED
TO THE FY 03/04 BUDGET YEAR, AND
AUTHORIZING THE VILLAGE MANAGER TO EXECUTE
THE APPLICABLE CONTRACTS ON BEHALF OF THE
VILLAGE.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL
OF THE VILLAGE OF TEQUESTA, PALM BEACH COUNTY,
FLORIDA, AS FOLLOWS:
Section 1. The purchase of one 2004 F150 4X2 Crew Cab,
from Mike Davidson Ford, Jacksonville, Florida, low
bidder, in the amount of $21,348.00, with vehicle details
attached hereto as Exhibit `~A" and incorporated by
reference as part of this Resolution is hereby approved
and the Village Manager is authorized to execute the
applicable contract on behalf of the Village.
Section 2. To enter into a sixty 36-month lease agreement
with Ford Motor Credit Company, for the purchase of one
2004 F150 4X2 Crew Cab, having a net capitalized cost of
$21,348.00, having an interest rate of 4.900, having 36
monthly payments, having monthly payments of $655.63 made
in accordance with the Ford Motor Credit Company Quote
Sheet as attached hereto as Exhibit "B" and incorporated
by reference as part of this Resolution is hereby
approved and the Village Manager is authorized to execute
the applicable contract on behalf of the Village.
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THE FOREGOING RESOLUTION WAS OFFERED by Council Member
(~~., ,; , ,<<,, who moved its adoption. The
motion'' was seconded by Council
Member 1.;;, ~ ~';., ~ and upon being put to a
vote, the vote was as follows:
FOR ADOPTION AGAINST ADOPTION
1~~.~i~~~: ~l.Sb~i~
~' `
The Mayor thereupon declared the Resolution du-ly passed
and adopted this 13th day of November, A. D., 2003.
ATTEST:
Mary M;' es
Villag Clerk
MAYOR OF TEQUESTA
.,TM ._
'Edward' D. Resnik ~~ ~•~`~~'*''••~fr;=.'~
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Nav-05-03 12s11P P_O1
(004) 725-3060
~ 11111 ~ dc~VIC~50f1
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9650 ATL,ANTit; FiLVO. AT REGENCY SCIUARE P O BOX 8728 JAC:K`.~(7NVIL~F. FL 32239
4/II.I.AC;I~. Ul' 7'LQiJESTr\ NC>4'. i,2(1(1;
~i l"I'N: '1'E?RRI
-1'FiIS l.t~:l"I'I•:R Eti IN RE~:FERFN['E'I'() YC)l!It ltt:(~tll~.ti'1' I~UR PRI(.:IN(i f'F:It'T'HE:
4~4 MUbFI . Y F•:Alt I~ S. A 1311)11 Q3-11-0825.
?Of)4 F(~)RI) I~-I 5O tiUpE?RC'RCW PI('KiJP TRIIC:K •1X2 - $ 2I,34K
XI.'I"I~KI'19 LEVEL lN('.:
SI~F~.F:[) C'(~N'I'FtUI, WILT' WHEEL
!'WR. WINll & L()('KS P()~VER MIRRORS
N~I.O(.)R C'AIZYI?'t' !7" [':\ST ALIIM WHF.h.l.S
Ai~9; F•h1 51NCi1.l: C'll) C)VIeR! II.'s,AU CUNti()LE
'I'KAILER TUVVIN(i I'AC'KAC'iF: - - - 351)
• ~fUTAL FS $ 21,698 ~ I ~~lT
OPTIONS: 5.~ Itr C'ras V-8 t•:NCiINl: - - - - 89.5
BFDI.INF.R - - - - - 275
SPRAY-IN-FINER ;- -, , - - 475
~I't11R1) KIiY' = - - - - 78
Ai.l?M1N(I?\1 TC)OI,. ROX - - - 4ip
I.IR11'TF.T) Sl.il~ 1)IFFF:ItF:;V'F'IA1. - - - ='K5
RA('K-(!I' ALARM - - - - `)5
:;Ei>r `I~FIE /1`I~Tr\('HED SE~IEET FROM f~t)RD UN TFIC ML1N1('P1PAL i,f' ~tif~.
T~IIIMBERS.
IF' YOI: HA\'F: ANY QtlEST1ONS, f'LE~\SE [:ALL AT 9~]~1-723-b1 15.
'I'I TANK l~'C)l,
c-
Ftlt'K HOF.NIN(i
(`U!VIM. tiAl.l?~ ~1ANAC.i1lt
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Nov-04r0~> 02.29P
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Ford Mottir Credit Company
The American Raae
P C). [3ox t7~n- MD rsoo
Deyrborn, Michigan 48121-173
November 4, 2003
Rick Nvening
Mike Davidson ford
rJ650 Atlantic 61vd
Jacksonville, Fl. 3225
Re' Fard Municipal Rnance Progr.~rn - Ouotativn for Village of TequeSta, FL -Bid #33381
P_02
Page: 1
Please rcvieVV tt~ inllowing information. Rates and payment hartors are applicable fnr total amounts tundeci from $10:000 -
$24,999. ~i I~~e quote ~s 9~ until 02I2t"s/~00~1.
A ocum~:ntatlan Fee of 5300 is required per transaction--not aer unit, for total amounts funded under 5150,000
that can b~ aaid at delivery or funded over tfie term (included betowt.
This finance proposal applies to
uantit
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1 otal Amount
Financed
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:521.998 00
~b21,9:~8 00
Descriation
'2004 Ford F150 Super Crew Pickup
Number of
Payments Payment Timinr~
36 Monthly in Advance
3 Annual in Advance
Payment
APR. Factor
Price
S?.1, (98.00
Payment
Amount
4.90% 0.029804 5655 63
4.J0% 0.349400 $7,68610
To call;ulate Payment Amount. muiltrpty Total Amount Funded by the Payment Factor.
The Ford Municipal lease purchase finance plan requires no security deposit, has rw prepayment penalty, no mileage penalty,
nor hidden lees. The Ulogram is non-recourse to flirt dealer, the Sartte as a Cash Sale from the dealer to the munrclpat
Customer .A[ inception, the new equipment tdlelregistration indicates the municipality as Repisteretl owner, and aes~gnates
Ford Motar v~edit Company. P O Box 1739, Deark~orn, MI 413121 1739, as plrst Lienhglder. At lean end, the rnurncloality
buys the ec;uioment for S1 the murnc~paldy, as Uwner of reccxd. ~s eNgible for Fvrd Uovernmental Ifice Gancesstons or
other discoiinls to reduce product cost
Please note: Ford Credit's tlnancinq is su~ect to:
1) Revie~r and approval of the Municipallty~s two most recent audited financial statements, it requested.
2) Mutually acceptable docwmerrtatfon
Sample forms and documentation are available upon request.
If you need ,eddlllonal Intorrna-ion. please contact me at 100-247-4199 then Press 7. Thank you for your Interest in Fwd
municipal flllancing
Sincerely,
:inn F (',Tt:1'1Stt)rl
\•iu't:ctrnt; ~'iiora~7naWr
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