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11� <br />REGULAR MEETING MARCH 7, 1994 <br />professional Golfcar Corporation and/or its nominees or <br />assigns. <br />Interest Rate: 5% 3 Year <br />5.25% 4 Year <br />5.5 % 5 Year <br />Term: 3,4, or 5 year <br />Other: Lease -Purchase subject to credit <br />approval. Rates quoted are subject to <br />City being bank qualified as a small <br />issuer i.e.: City of South Bend issuing <br />less than $10,000,000.00 in tax exempt <br />bonds in calendar year 1994. <br />ITEM VII TRADE-IN REDUCTION AND CONDITIONS <br />Total amount of trade-in reduction: $ 28,600.00 <br />Trade-in conditions (if any): <br />All trades to be complete and in proper running order <br />with working chargers. Trade allowance will be used to <br />determine a net amount. If Lease -Purchase financing is <br />chosen, the trade allowance can be used to decrease <br />amount to be financed or be escrowed to pay future lease <br />payments. <br />ITEMS VIII - TERMS AND CONDITIONS OF WARRANTIES; ON -SITE <br />INVENTORIES; MAINTENANCE AGREEMENTS <br />Warranties are enclosed with bid. On site inventories to be <br />determined by City's requirements. <br />optional: Full services maintenance provided by professional <br />Golfcar Corporation is $120.00/car/year. Included <br />in full service maintenance: all parts, all labor, <br />all service calls and end of season winter service <br />required due to normal wear and tear. Any repairs <br />required due to negligence, abuse, vandalism, etc. <br />will be the responsibility of the City. <br />WINDY CITY GOLF CARS, INC. <br />1310 South Heaton <br />Box 311 <br />Knox, Indiana <br />Bid was signed by Mr. Edward Arnold, Non -Collusion Affidavit <br />was in order, Non -Discrimination Commitment form was <br />completed and a Bid Bond in the amount of $33,000 was <br />submitted. <br />BID: <br />ITEM #I - ELECTRIC POWERED GOLF CARTS <br />Electric -powered golf carts as specified in bid documents: <br />Seventy units. Unit Price: $ 2,410.00 <br />Extension: $168,700.00 <br />Alternates: <br />3-1/2 horsepower motor. Seventy units. <br />Unit Price: $ -0- <br />Extension: $ -0- <br />4 beverage cup holder. Seventy units. <br />Unit Price: $ 12.00 <br />Extension: $ 840.00 <br />Canopy top & windshield. Up to <br />seventy. <br />