Sealed bids were opened Friday afternoon at city hall from two companies wanting to sell the City of Smithville a ladder truck for the Fire Department.
EVS-Midsouth, Incorporated of Memphis submitted a bid for $746,705 for a Pierce Impel 75 foot HAL Quint with 1,750 gallon per minute pump/500 gallon tank.. The other bid is from Cumberland International Trucks of Nashville for a 2012 Sutphen 75 Foot Pumper/Ladder with a Stainless Steel Rescue Style Body Complete and Delivered in the amount of $785,818.
Secretary-Treasurer Hunter Hendrixson opened the bids. Mayor Taft Hendrixson was also present along with Smithville Fire Chief Charlie Parker, a few members of the fire department, Buddy McCain of EVS-Midsouth and Bradley Johnson of Cumberland International Trucks.
The bids will be presented to the Smithville Mayor and Aldermen at the next meeting on Monday, May 21 for consideration. The aldermen have the right to either accept one of the bids or reject both. Officials say bids from both companies are for trucks already built. Modifications would be required on either truck to meet the specs.
EVS-Midsouth, Inc proposes the following lease/purchase plan: Customer down payment of $250,000 (due at contract signing). The city could pay off the truck over a three year term in three annual payments of $173,746 at a rate of 2.45% or over five years in five annual payments of $107,068 at 2.55%.
Cumberland International Trucks offered six options in its proposed lease/purchase plan with financing terms from one to seven years as follows:
Option 1:
Lease Term: 3 years
First Payment Date: September 15th, 2012
Payment Frequency: one year
Lease Rate: 2.51%
Payment Amount: $270,245
Total Lease Payments: $810,736
Option 2:
Lease Term: 3 years
First Payment Date: September 16th, 2012
Payment Frequency: one year
Lease Rate: 2.51%
Payment Amount: $270,274
Total Lease Payments: $810,824
Option 3:
Lease Term: 5 years
First Payment Date: September 15th, 2012
Payment Frequency: one year
Lease Rate: 2.46%
Payment Amount: $165,993
Total Lease Payments: $829,967
Option 4:
Lease Term: 5 years
First Payment Date: September 16th, 2012
Payment Frequency: one year
Lease Rate: 2.45%
Payment Amount: $165,950
Total Lease Payments: $829,753
Option 5:
Lease Term: 7 years
First Payment Date: September 15th, 2012
Payment Frequency: one year
Lease Rate: 2.66%
Payment Amount: $122,145
Total Lease Payments: $855,022
Option 6:
Lease Term: 7 years
First Payment Date: September 16th, 2012
Payment Frequency: one year
Lease Rate: 2.66%
Payment Amount: $122,160
Total Lease Payments: $855,124
Archived News & Obituaries