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2 4. <br />REGULAR MEETING <br />MARCH 17, 1987 <br />Cost for each Bid item is as follows: <br />Item Cost Per Year <br />28505 <br />$2,374 <br />2400S <br />$2,283 <br />6702 <br />$1,862 <br />26505 <br />$2,013 <br />2500VR <br />$1,201 <br />Inspection Frequency <br />Quarterly <br />Monthly <br />Quarterly <br />Quarterly <br />Bi-Monthly <br />As part of this Bid Multigraphics will provide the first <br />six months service agreement at no charge to the City of <br />South Bend --- a savings of approximately $3,259.50. <br />gTTPPT TP(Z <br />Multigraphics will furnish a Introductory Supply Package <br />for the Model 28505 at 50% off list price, a savings <br />of $182.60. <br />TRANSPORTATION, DELIVERY, SET-UP, ELECTRICAL <br />AND TRADE-IN INFORMATION <br />There will be no charge for transportation or set-up. <br />All products are F.O.B. delivered and installed. <br />There is no known electrical modification necessary <br />for the equipment. <br />Multigraphics will be responsible for the removal of <br />the equipment being traded in at no charge to the <br />city of South Bend. <br />Estimated delivery date is approximately 4-6 weeks <br />after receipt of order. <br />LEASE AND INTEREST SUMMARY <br />Item <br />36 Month*(1) <br />Total Interest <br />60 Month*(1) <br />Total <br />28505 <br />$410.38 <br />$2,978.68 <br />$266.75 <br />$4,210.00 <br />24005 <br />$460.51 <br />$3,342.81 <br />$299.34 <br />$4,724.85 <br />2400S*(2) <br />$398.58 <br />$2,893.33 <br />$259.08 <br />$4,089.25 <br />26505 <br />$390.93 <br />$2,837.93 <br />$254.11 <br />$4,011.05 <br />2500VR <br />$276.63 <br />$2,008.13 <br />$179.81 <br />$2,838.05 <br />2500VR*(2) <br />$230.18 <br />$1,670.93 <br />$149.62 <br />$2,361.65 <br />6700 <br />$599.62 <br />$4,352.77 <br />$389.76 <br />$6,152.05 <br />*1 <br />Lease rate based <br />on 3/17/87 rates <br />and installation date <br />of approximately <br />June 1st with invoicing to commence <br />January 15th, 1988 or a total installed term of <br />43 <br />and 67 months. <br />*2 Denotes platemakers purchased with a duplicator. <br />A.B. DICK PRODUCTS COMPANY OF <br />SOUTH BEND, INC. <br />1643 North Commerce Drive <br />P.O. Box 1200 <br />South Bend, Indiana <br />Bid was signed by Ray Isham, Sales Specialist, Non -Collusion <br />Affidavit was in order and a 10% Bid Bond was submitted. <br />BID: <br />1 A.B. Dick computerized duplicating <br />system, Model 1700, to include Automatic <br />Document Feeder <br />$35,350.00 <br />1 <br />1 <br />r <br />