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3 <br />REGULAR MEETING OCTOBER L7_;_ ' 1977 <br />OPENING OF BIDS - LEASE WITH OPTION TO PURCHASE CUSTODIAL/MAINTENANCE <br />EQUIPMENT FOR CENTURY CENTER <br />This was the date set for receiving bids for a lease with option to <br />purchase Custodial/Maintenance Equipment for Century Center. The <br />Clerk tendered proofs of publication of notice in the South Bend <br />Tribune and the Tri-County News which were found to be sufficient. <br />The following bids were opened and publicly read. Mr. McMahon <br />noted that the bid request,( included many items such as sweepers, <br />scrubbers, floor polishers and attachments and the Board had <br />requested that the bidder indicate a total bid amount, the interest <br />rate and the monthly payment rate for a thirty-six month period. <br />Femco, Inc. Bid was signed by George Nicholos, <br />South Bend, Indiana non -collusion affidavit was in <br />order and a certified check was <br />submitted. <br />Total Bid - $8,911.46 <br />Interest Rate - 12% <br />Monthly Payment - $336.66 <br />Materials Handling Equipment Co. Bid was signed by Robert <br />South Bend, Indiana Martindale, non -collusion <br />affidavit was in order and a <br />certified check was submitted. <br />Mr. McMahon noted that the bid was for only two of the items listed <br />in the specifications. <br />Bid - $7,564.00 <br />Interest Rate - 7.5% <br />Monthly Payment - $235.32 <br />Simon Brothers, Inc. Bid was signed by David Piser, <br />South Bend, Indiana non -collusion affidavit was <br />in order and a 5% bid bond was <br />submitted. <br />A letter attached to the bid indicated that Simon Brothers was not. <br />in a position to lease equipment but offered to supply the equipment <br />deferring payments until 1978, with three payments to be made,.one <br />in March, a second in April and a final payment in May of 1978, with <br />no interest or carrying charges. <br />Total Bid - $4,694.20 <br />No Interest Rate <br />Payment March 1, 1978 - $1,564.75 <br />April 1', 1978 - $1,564.75 <br />May 1, 1978 - $1,564.70 <br />Industrial Sanitation, Inc <br />Fort Wayne, Indiana <br />Total Bid - $9,732.42 <br />Interest Rate - 11% <br />Monthly Payment - $318.64 <br />Kay Equipment & Supply Co. <br />South Bend, Indiana <br />Bid was signed by Jack W. Calkins, <br />non -collusion affidavit was in <br />order and a 5% bid bond was <br />submitted. <br />Bid was signed by Steven M. Katz, <br />non -collusion affidavit was in <br />order and a 5% bid bond was submitted. <br />Total Bid - $11,841 Bulk Purchase Discount $10,721 <br />Interest Rate - 7.5% 7.5% <br />Monthly Payment - $368.37 $333.53 <br />