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450 <br />REGULAR MEETING <br />DECEMBER 10, 1984 <br />Payment Amount $1,289.73 <br />Underwriting Fee $300.00 Paid on execution <br />of documents <br />Total Amount Funded $39,620.54 <br />Annual Percentage Rate 11.25% <br />EQUIPMENT DESCRIPTION <br />DESCRIPTION MANUF. QNTY DELIVERY DATE EQUIPMENT COST <br />Bronco Ford 2 02/06/85 $28,902.00 <br />F250 Ford 1 02/06/85 $10,718.54 <br />TOTAL EQUIPMENT COST AFTER DOWN/TRADE: $39,620.54 <br />LEASE/PURCHASE FINANCING PROPOSAL: <br />PROPOSAL #9165 OPTION #2 <br />Number of Payments <br />Payment Timing <br />Payment Amount <br />Underwriting Fee <br />Total Amount Funded <br />Annual Percentage Rate <br />12 <br />Quarterly In Advance <br />$3,833.09 <br />$300.00 Paid on execution <br />of documents <br />$39,620.54 <br />11.35% <br />EQUIPMENT DESCRIPTION <br />DESCRIPTION MANUF. QNTY DELIVERY DATE <br />Bronco Ford .2 02/06/85 <br />F250 Ford 1 02/06/85 <br />TOTAL EQUIPMENT COST AFTER DOWN/TRADE: <br />JORDAN FORD <br />609 East Jefferson Boulevard <br />P.O.Box 370 <br />Mishawaka, Indiana <br />EQUIPMENT COST <br />$28,902.00 <br />$10,718.54 <br />$39,620.54 <br />Bid was signed by Richard A. Johnson, National Fleet and Lease <br />Director, Non -Collusion Affidavit was in order and a 10% Bid Bond <br />was submitted. <br />2 1985 Ford Bronco 4WD <br />1 1985 Ford F250 Styleside Pickup <br />$13,661.14 <br />9,112.86 <br />Vehicle A - 1985 Ford Bronco <br />Price per above delivered Mishawaka, IN $13,661.14 <br />As above with inclusion of XLT Trim Package <br />and HD Vinyl Seat Covers $14,906.67 delivered <br />Mishawaka, Indiana <br />For Rustproofing ADD $65.00 to above prices <br />Vehicle B - 1985 Ford <br />F250 Styleside Pickup <br />Price per above delivered <br />Mishawaka, IN <br />$ <br />9,112.86 <br />Optional Rustproofing <br />ADD $65.00 per vehicle <br />Trade Allowances: 1977 <br />Nova-1X69U7W202400 <br />$ <br />400.00 <br />1979 <br />Ford-9H27F131886 <br />$ <br />100.00 <br />1973 <br />Ford-F10GL069988 <br />$ <br />300.00 <br />Board Attorney Carolyn V. Pfotenhauer advised that the bid <br />submitted by Don Medow Motors, Inc., 1903 Lincolnway East, South <br />Bend, Indiana, did not contain bid security and was therefore <br />defective. Therefore, upon a motion made by Mr. Hill, seconded <br />by Mr. Vance and carried, the bid of Don Medow Motors, Inc. was <br />rejected for non-compliance with bid requirements. <br />1 <br />1 <br />