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BOOK I11 E'AGr 7 ""13d Both the lease for the four (4) copiers and three (3) coin dispensers were commercial leases, not municipal leases, through Commercial Equipment Leasing group at a total cost of $770.92 per month. Staff would like to cancel both these leases and issue new municipal leases through Riverside National Bank at a monthly cost of $614 and an annual maintenance agreement with E.G.P, Inc., for a $155.92 per month base charge. The major savings will not be in the monthly amount, but will occur in the maintenance agreement which will drop to $.025 per copy (for copies over 14,000) from $.048 per copy (for copies over 14,000). RECOMMENpATION Staff recommends that the Board of County Commissioners do the following: 1.) Cancel the two lease agreements with Commercial Equipment Leasing for the four (4) copiers and three (3) coin dispensers. 2.) Approve the municipal lease agreement with Riverside National Bank for $614 per month and the maintenance agreement with E.G.P., Inc. for $155.92 per month with a copy cost of $.025 per copy (for copies over 14,000). 3.) Authorize the Chairman to sign the attached agreements. ON MOTION by Commissioner Adams, SECONDED BY Commissioner Stanbridge, the Board unanimously 1) canceled the two lease agreements with Commercial Equipment Leasing for the four (4) copiers and three (3) coin dispensers; 2) approved the municipal lease agreement withRiverside National Bank for $614 per month and the maintenance agreement with E.G.P., Inc. for $155.92 per month with a copy cost of $ .025 per copy (for copies over 14,000); and 3) authorized the Chairman to sign the agreements, as recommended in the memorandum. COPIES OF AGREEMIWTS ARE ON FILE IN TAE OFFICE OF TAE CLERK TO TAE BOARD 7.J. Interest Rate on All County Financing Changed to 8.5% The Board reviewed a Memorandum of December 14,,1999: December 21, 1999 24