04-0555R

RESOLUTION AWARDING CONTRACT TO KARI TOYOTA COMPANY, FOR LEASE OF FIVE TOYOTA MATRIX, IN THE AMOUNT OF $47,625.

BY COUNCILOR LITTLE:

RESOLVED, that Kari Toyota Company, be and hereby is awarded a contract for lease of five year 2005 Toyota Matrix vehicles for a three-year period at a yearly rate of $15,875 during the years 2004/2005; 2005/2006; and 2006/2007 for the building inspection division in accordance with specifications on its low specification bid of $47,625 over a three year period, terms net 30, FOB destination, payable out of General Fund 0100, Dept./Agency 100, Organization 1504, Object 5418.


STATEMENT OF PURPOSE: This resolution will authorize the 35-year lease of five year 2005 Toyota Matrix vehicles from Kari Toyota Company for $47,625 to be paid from General Fund 0100. The annual cost will be $15,875. The vehicles will be used by the Building Safety personnel. Kari Toyota Company was the lowest of the three above companies who responded.

Bid No. 04-0533