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REGULAR MEETING <br />MAY 31, 1988 <br />BankNewEngland LEASING GROUP <br />3830 Minneapolis City Center <br />33 South Sixth Street <br />Minneapolis, Minnesota <br />Proposal was submitted by Jay F. Hromatka, Regional Manager, <br />and indicated an interest rate of 7.74% per annum. <br />AMERICAN LEASING SERVICES, INC. <br />Tower Place <br />3340 Peachtree Road, NE, Suite 1450 <br />Atlanta, GA <br />Proposal was submitted by Dennis O'Connor, Vice -President, <br />and indicated an interest rate of 8.12% APR. <br />MARQUETTE LEASE SERVICES, INC. <br />PUBLIC FINANCE GROUP <br />7401 Metro Boulevard, 6th Floor <br />Minneapolis, MN <br />Proposal was submitted by David L. Marrone, Assistant Vice - <br />President and indicated an interest rate as follows: <br />8.78% - Six (6) semi-annual payments of $18,939.95 <br />7.27% - Three (3) annual payments of $37,269.11 <br />7.27% - Four (4) annual payments of $29,908.58. <br />Mr. Leszczynski advised that First Continental Financial <br />Corporation, 8080 North Central Expressway, Suite 850, Dallas, <br />Texas, advised that they decline to submit a Proposal at this <br />time. <br />Therefore, upon a motion made by Mr. Leszczynski, seconded by <br />Mrs. DeClercq and carried, the above Proposals were referred to <br />the City Controller's Office for review and recommendation. <br />FILING OF APPLICATIONS FOR BIDDER QUALIFICATION/CERTIFICATION <br />Upon a motion made by Mr. Leszczynski, seconded by Mrs. DeClercq <br />and carried, the following applications for bidder qualification/ <br />certification were accepted for filing and referred to the <br />Affirmative Action Review Committee for review and recommenda- <br />tion: <br />1. American Leasing Services, Inc. <br />3340 Peachtree Road, Suite 1435 <br />Atlanta, GA 30026 <br />2. Bank of New England <br />BankNewEngland Leasing Group <br />3830 Minneapolis City Center <br />33 South Sixth Street <br />Minneapolis, Minnesota <br />3. Dougherty Dawkins Lease Group, Inc. <br />100 South Fifth Street, Suite 2264 <br />Minneapolis, Minnesota 55402 <br />4. National Computer Equipment Corporation <br />200 Maple Park Boulevard <br />St. Clair Shores, MI 48081 <br />5. Security Pacific Merchant Bank a <br />Division of Security Pacific National Bank <br />410 17th Street, Suite 1150 <br />Denver, Colorado 80202 <br />