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REGULAR MEETING FEBRUARY 4, 1986 <br />TOTAL ONE-TIME COST (Not to exceed) 460,351.00 <br />B. Monthly Recurring Costs: <br />Hardware Maintenance Contract 2,582.00 <br />Software Maintenance Contract 590.00 <br />TOTAL MONTHLY RECURRING COST 3,172.00 <br />(Not to exceed) <br />*Hardware maintenance is billed annually. <br />FINANCING ALTERNATIVES <br />Purchase Plan <br />Six Months Monthly Monthly <br />In -Arrears In -Arrears In -Advance <br />Individual Payments $ 56,559(7.86%) $ 9,258(7.65%) $ 9,198(7.65%) <br />Yearly Payments 113,118 111,096 110,376 <br />Total Payments $565,590 $555,480 $551,880 <br />Lease Plan <br />Individual Payments $ 55,970(7.44%) $ 9,170(7.25%) $ 9,115(7.25%) <br />Yearly Payments 111,940 110,040 109,380 <br />Total Payments $559,700 $550,200 $546,900 <br />Based on a 60 month contract. <br />Amount financed - $460,351 <br />Rates and Terms are subject to approval and good for 90 days from <br />this date. <br />Refer to separately included copies of Financial Agreements for <br />more details. <br />The six month in -arrears amount are based upon delivery and <br />acceptance of the proposed system ($460,351) on July 15, 1986. <br />With the first payment due January 15, 1987. Any change in <br />these dates and/or amounts would result in a different <br />payment amount based upon the indicated annual interest rate. <br />Option for four (4) Color Graphic Police/Fire Municipality Status <br />Maps (PC-6) with redundant comm. processor lines is $22,466. <br />Board Attorney Carolyn V. Pfotenhauer advised that the following <br />bids contain fatal defects in that they were not signed and she <br />therefore recommended that the bids be rejected. Each bid was <br />rejected separately for non-compliance with bidding requirements, <br />with Mr. Vance making the motion, Ms. Barnard seconding and all <br />motions carried. Following are the bids that were rejected: <br />1. PUBLIC SAFETY SYSTEMS, INC. <br />WINDEMERE SYSTEMS CORPORATION <br />18952 Bonanza Way <br />Gaithersburg, MD 20879 <br />2. AT&T INFORMATION SYSTEMS <br />404 Columbia Place, Suite 250 <br />South Bend, Indiana 46601 <br />3. NEW WORLD SYSTEMS CORPORATION <br />1700 West Big Beaver - Suite 355 <br />Troy, Michigan 48084 <br />Additionally, Mr. Leszczynski advised that the following vendors <br />have advised that they decline to bid at this time: <br />1 <br />