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REGULAR MEETING <br />JUNE 4, 1984 <br />MIDWEST FIRE & SAFETY (CONTINUED): <br />TRADE-IN: <br />1 1966 Maxim 100 foot Aerial Serial #2566 DEDUCT $7,000.00 <br />Terms are follows: 90% payment required <br />on day of delivery. Balance upon acceptance <br />by Fire Chief. If unable to meet these terms <br />then special arrangements must be made before <br />signing contract. <br />AAA FIRE EQUIPMENT Bid was signed by Daniel F. Warren, <br />21733 Carriage Drive Non -Collusion Affidavit was in <br />South Bend, Indiana order and a 10% Bid Bond was <br />submitted. <br />BID SUBMITTED: <br />One Seagrave Model WR-07DF Custom Rear Mount <br />100 ft. Aerial Ladder Truck and Equipment <br />F.O.B. South Bend, IN $202,900.00 <br />Less Trade in of 1966 Maxim Aerial 10,000.00 <br />TOTAL $192,900.00 <br />NOTE: <br />For full payment at time of factory <br />pick up you may deduct <br />1% <br />FOR LEASE/PURCHASE <br />PLANS <br />Amount <br />financed $192,900.00 @ <br />12.5% <br />YEARS <br />FACTOR SEMI-ANNUAL <br />PAYMENTS FINAL COST <br />3 <br />.20, $39,544.50 <br />6 $237,267.00 <br />4 <br />.163 31,442.70 <br />8 251,541.60 <br />5 <br />.138 26,620.20 <br />10 266,202.00 <br />MICHIANA <br />MACK, INC. <br />Bid was signed by Ronald Delcamp, <br />2802 Home Street <br />President, Non -Collusion Affidavit <br />Mishawaka, Indiana 46545 <br />was in order and a 10% Bid Bond <br />was submitted. <br />BID SUBMITTED: <br />1 Mack CF686FA 106' Aerial Apparatus $222,425.00 <br />Trade Allowance for 1966 Maxim Aerial Ladder $ 10,000.00 <br />Net Cash Price $212,425.00 <br />LEASE PURCHASE SCHEDULE <br />Outright Price $222,425.00 <br />Down Payment (Trade) $ 10,000.00 <br />NET PRICE , F 5.00 <br />Three year lease - 6 semi-annual payments of <br />$41,985.43, interest cost $39,487.58, APR_ 10.20. <br />TOTAL ,COST $251, 912.58 <br />Four year lease - 8 semi-annual payments of <br />$32,939.90., interest cost $51,094.20, APR 10.11. <br />TOTAL COST $263,519.20 <br />Five year lease - 10 annual payments of <br />$27,516.70, interest cost $62,742.00, APR 10.01. <br />TOTAL COST 8275,167.00 <br />