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vzl8 . <br />REGULAR MEETING <br />AUGUST 4, 1987 <br />1988 Chassis GMC Model C7D042 (topkick) $33,383.84 <br />Transmission temperature gauge 86.00 <br />20 gallon fuel tank for generator 400.00 <br />Gold leaf lettering per original specs. included <br />Exceptions per original bid --------- <br />Conversion 62,189.00 <br />Subtotal $96,058.84 <br />Trade-in - 2,500.00 <br />TOTAL AFTER TRADE: $93,558.84 <br />Upon a motion made by Mr. Leszczynski, seconded by Mr. Vance and <br />carried, the recommendation of Chief Taylor was accepted and the <br />bid awarded to McCoy Miller in the amount of $93,558.84 as <br />outlined above. <br />OPENING OF PROPOSALS - LEASE PURCHASE OF AMBULANCE - FIRE <br />DEPARTMENT <br />Mr. Leszczynski advised that this was the date set for the <br />receiving and opening of sealed Proposals for the lease purchase <br />of a new ambulance for the Fire Department. He further advised <br />that the amount to be financed is $47,000.00. The following <br />proposals were opened and publicly read: <br />1ST SOURCE BANK <br />P.O. Box 1602 <br />South Bend, Indiana 46634 <br />Proposal submitted by A. Bruce Burkart, Vice -President, <br />Commercial Banking Division. <br />PROPOSAL: <br />RATE: 6.45% APR fixed. <br />REPAYMENT: 3 year term loan with semi-annual payments <br />(including principal and interest) with the <br />first payment commencing January 15, 1988. <br />FIRST UNION LEASING GROUP <br />First Union Plaza <br />CORP-9 <br />Charlotte, North Carolina <br />Proposal submitted by David C. Thrash, Municipal Leasing <br />Officers. <br />PROPOSAL: <br />UNABLE TO SUBMIT A QUOTE AT THIS TIME <br />VALLEY AMERICAN BANK <br />P.O. Box 328 <br />South Bend, Indiana 46628 <br />Proposal submitted by David F. Braunlich, Assistant <br />Vice -President. <br />PROPOSAL: <br />RATE: Valley American Bank base rate plus 1.0 <br />(current base rate 9.0%) <br />TERM: Three (3) years. <br />PAYMENT: Semi-annual, starting January 15, 1988 <br />SECURITY PACIFIC LEASING CORPORATION <br />Regional Office <br />2340 Des Plaines Avenue, Suite 106 <br />Des Plaines, Illinois 60018 <br />Proposal submitted by Robert R. Wulf, Lease Marketing <br />Officer. <br />PROPOSAL: <br />RATE: The prevailing A.P.R. on this transaction will <br />be at 7% fixed for the 3 year term. <br />TERM: Three (3) years. <br />