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Combined Total Annual Lease Amount <br /> 154 Gasoline Cars , 1 Gasoline Range Car, <br /> & 1 Gasoline Beverage Car <br /> YEAR ONE $87 . 589 . 44 $43 , 705 . 20 $45 , 922 . 80 <br /> YEAR TWO $87 . 589 .44 $43 , 705 .20 $45 , 922 . 80 <br /> YEAR THREE $87 . 589 . 44 $43 , 705 . 20 $45 , 922 . 80 <br /> YEAR FOUR $ 87 . 589 .44 $43 , 705 . 20 $45 , 922. 80 <br /> Outright Purchase Price At End of Lease $ 1 . 00 $ 187 , 200 . 00 $ 2189600 . 00 <br /> GRAND TOTAL : LEASE/PURCHASE $3501358 .60 $362 , 020 . 80 $402 ,291 . 20 <br /> Club Car, Inc . as noted in the schedule above, 48 Month Lease/Purchase, has the best financial <br /> package, $ 11 ,662 . 20 less than E-Z Go, for the lease/purchase of the golf cars. Furthermore, the <br /> committee evaluating the performance of each golf car noted that CIub Car was the best golf car <br /> of the three manufacturers . Subsequently, <br /> Staff was contacted by Club Car and informed that the 6 % interest rate had been lowered to <br /> 4. 35 °/x, reducing the annual lease purchase payment to $ 85 , 188 . 00 . <br /> RECOMMENDATION <br /> 1 ) Staff recommends the Board of County Commissioners approve the lease/purchase <br /> proposal from Club Car for a fleet of 154 gas golf cars, a gasoline range car and a <br /> gasoline beverage car. <br /> 2) Authorize the chairman to sign the Equipment Lease Purchase Agreement in <br /> substantially the form presented after the changes to the payment schedule havebeen <br /> received and approved by both the Office of Management and Budget and the County <br /> Attorney ' s office. <br /> Funds Available Sandridge Golf Club 2004-05 Budget Account #418 236 572 077 .22 <br /> ATTACHMENTS <br /> Lease Agreement <br /> DISTRIBUTION <br /> Joseph A. Baird, County Administrator <br /> Fran Powell , Purchasing Manager 1",,, River co AVV0rQVN Dit <br /> Will Collins, County Attorney Admin ; <br /> Jason Brown, Budget Director <br /> Budget <br /> APPROVED FOR AGENDA Risk Man Utmcnto <br /> FOR: ff�CQ <br /> BY : <br /> seph . Baird, County Administrator <br /> 41 <br />