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RECOMMENDATION.• <br />• Staff recommends awarding to the overall low bidder, Janitorial Depot of America as the <br />lowest responsible bidder meeting specifications as set forth in the Invitation to Bid. <br />• Establish an Open End Contract for a twelve month period from the date of award with a not <br />to exceed amount of $30,000.00. Last year's expenditures for these commodities totaled <br />$33,500.00 <br />• Authorize the Purchasing Manager to renew this contract subject to satisfactory performance, <br />zero cost increase, vendor acceptance, and the determination that renewal is in the best interest <br />of the County. <br />ON MOTION by Commissioner Adams, SECONDED by <br />Commissioner Ginn, the Board unanimously awarded Bid <br />17014 to Janitorial Depot of America; approved <br />establishing an Open End Contract for a twelve month <br />period from the date of award with a not—to—exceed <br />amount of $30,000; and authorized the Purchasing <br />Manager to renew this contract subject to <br />satisfactory performance, zero cost increase, vendor <br />acceptance, and the determination that renewal is in <br />the best interest of the County, as recommended by <br />staff. <br />CONTRACT WILL BE ON FILE IN THE OFFICE <br />OF THE CLERK TO THE BOARD <br />WHEN EXECUTED AND RECEIVED <br />G. Interest Rate on All County Financing (Petition Paving. Utility <br />Assessment Projects, Utility Impact Fee, etc.1 <br />The Board reviewed a Memorandum of January 8, 1997: <br />TO: Members of the Board <br />of County Commissioners <br />DATE: January 8, 1997 <br />SUBJECT: CHANGING THE INTEREST RATE ON ALL COUNTY FINANCING <br />(PETITION PAVING, UMXrY ASSESSMENT PROJECTS, UMXrY <br />IMPACT FEE, ETC.) - CONSENT AGENDA <br />FROM: Joseph A. Baird <br />OMB Director <br />DESCRIPTION AND CONDITIONS <br />Fixed interest rates charged by the County for financing utility assessments, utility impact fees, <br />petition paving assessments, and any other financing are scheduled to be set on an annual basis in <br />January of each year. For the 1996 calendar year, the assessment/financing fixed interest rate was <br />set at the prime rate which was 8 '/2% at the time. The prime interest rate in the Wall Street Journal <br />today is 8'/e% which would mean a reduction in the rate from 1996 to 1997 of 1/4%. The only <br />exception to this interest rate would be if the project was directly affiliated with a bond issue and the <br />requirements dictated a different interest rate. <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners approve the fixed interest rate of 8 '/<%. <br />JANUARY 14, 1997 13 BOOK PAGE234 <br />