HomeMy Public PortalAbout01-26-1995 �2l
BOARD OF PUBLIC WORKS AND SAFETY OF THE
CITY OF RICHMOND, INDIANA,JANUARY 26, 1995
1 The Board of Public Works and Safety of the City of Richmond, Indiana, met at 9 a.m. Thursday, January 26,
2 1995, in the Municipal Building in said City. Chairperson Dennis Grimes presided with Earnest Jarvis and Janet
3 Hibner in attendance.The following business was had to-wit:
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5 APPROVAL OF MINUTES OF JANUARY 19,1995
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7 The minutes of the January 19, 1995 meeting were approved on a motion by Hibner, second by Jarvis and
8 carried on a unanimous voice vote.
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10 CLAIMS FOR PAYMENT
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12 Claims submitted by the City Controller's office totaled $551,214.56 most of which was for payroll and payroll
13 taxes. Also submitted were claims for $270,911.54 comprised of supplies and contractual services. In addition
14 were claims for $24,900 which included an $8,000 payment to Larry Lahrman for siding on a home in the
15 Revolving Loan Fund program and $11,900 to Guaranteed Home Improvement in the Home Equity Conversion
16 program. Grimes moved to approve the claims, second by Jarvis and the motion was carried on a unanimous
17 voice vote.
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19 REQUESTS
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21 A.There were none.
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23 CONTRACTS
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25 A.There were none.
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27 B. Bids were opened for the lease purchasing financing of 12 cars for the Richmnd Police Department.
28 Chairperson Grimes stated that the requirements included having the bids in by 9 a.m. this morning
29 and he announced that all the bids had satisfied that requirement.Jarvis moved for the closing of the
111 30 bidding, second by Hibner and the motion was carried on a unanimous voice vote. Hibner opened the
31 bids,checking to make sure all were in order.She then passed them to Jarvis who read each one.The
32 first, from Advanta Public Finance in New Jersey, merely contained a letter noting that the company
33 could not respond to the bid invitation.
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35 Others received and opened included Carpenter Financial in Indianapolis with a total of $193,313.25
36 and an option of 36 payments of$5,955.71 monthly in arrears with a 6.85 fixed interest rate and option
37 two of 12 payments of $17,958.40 quarterly and in arrears with an interest rate of 6.85 percent; Dunn
38 Leasing Inc. of Fairfield, Ohio, with a rate of 6.43 percent and monthly payments in arrears of
39 $5,918.29 and a three-year total of $193,313.25; Midwest Bankers Group Inc. of Indianapolis with a
40 total of $193,313.25 for three years and semi annual payments of$35,407.51 with a 6.13 percent and
41 annual payments of$69,578.44 with a 5.98 percent interest rate.
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43 Also Bank One Leasing Corp.of Columbus,Ohio with an annual interest rate of 6.777 and monthly rate
44 of 6.611 percent and an annual payment of $68,705.95 or 36 monthly lease payments of $5,902.10;
45 Associates Commercial Corp. of Dallas, Texas, containing three options of annual payments of
46 $68,436.87 with a 6.34 percent interest rate, 36 pays of $5,879.73 of 6.34 percent or 12 pays of
47 $17,538 with also a 6.34 percent; PNC Leasing Corp.of Louisville, Ky. noting alternative one which is 3
48 annual payments in advance of$68,535.57 and an interest rate of 6.50 percent, and alternate two with
49 three annual payments in arrears of $72,990.39 at 6.50 with the total cost of alternate one at
50 $205,606.71 and alternate two$218,971.17;
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52 Star Bank with 36 payments of $5,879.72 and 6.34 percent interest rate, total of $211,670.13 with a
53 total interest rate of $18,356.88 and a payment option of three annual payments of $68,436.87 and a
54 total cost of $205,310.62 and total interest costs of $11,997.36; Leasing One Corp. Farmers Bank &
55 Capital Trust Co. quoting three annual payments in advance of $68,812.58 at 6.95 percent and in
56 arrears $73,595.05 with a rate of 6.95 percent; NBD Leasing Equipment Finance Inc. with 36 monthly
57 payments of $5,955, semi annual payments of $35,154 and annual payments of $68,997, but no
58 percentage rate was given before giving an equipment cost of $193,313.25; and Sutro & Co. Inc.
59 American National Mortgage with 36 payments and a total of$215,280.23, interest at$21,966.98 and a
60 7.125 net interest rate percent.
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62 Grimes commented that the City is lease purchasing 12 vehicles and no bid bond was required. He
63 expressed his appreciation to the bidders. Hibner moved to take the bids under advisement, second by
64 Jarvis and the motion was carried on a unanimous voice vote.
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Board of Works Minutes Cont'd
January 26, 1995
Page 2
1 OTHER MATTERS
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3 A. Grimes asked for a motion to fix the 1995 conpensation of Firefighters, explaining that the
4 negotiating team for the City and Firefighters are still negotiating the 1995 contract which is open only
5 for wages. He said no agreement had been reached by the prescribed time which was August 1994,
6 however the administration has made a conscious decision to allow the Firefighters to enjoy the 3
7 percent increase in salary along with all other City employees, including the Richmond Police
8 Department. Grimes said to enact that percent officially for the Firefighters until the negotiations are
9 complete and an ordinance is before Council according to statute I.C. 36-8-3-3Da motion was in order
10 to fix those salaries of 3 percent increase for 1995 for the Firefighters. Jarvis so moved, second by
11 Hibner and the motion was carried on a unanimous voice vote.
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13 ADJOURNMENT
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15 There being no further business, on a motion duly made seconded and passed and carried on a unanimous
16 voice vote,the meeting was adjourned.
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23 Dennis W.Grimes, Chairperson
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29 ATTEST:
30 Norma Carnes, City Clerk
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