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FC CASE <br /> <br />AUTHORIZE VARIOUS 2004 CAPITAL PURCHASES <br /> By: Diana Lurid, Finance Officer <br /> <br />Background: <br /> <br />Included in the Adopted 2004 General Fund Budget are the items shown.on the attached schedule <br />[Exhibit 1 ]. Minnesota bid laws require different levels of competitive bidding based on dollar <br />amounts of the item to be purchased. These items will be funded via the CapitaLEquipment <br />Certificates that were issued December 30, 2003 and the Equipment Replace Fund. <br /> The basic bidding guidelines are as follows: <br /> <br />1) <br /> <br />2) <br /> <br />for purchases estimated to be $50,000 or more --- sealed bids solicited by <br />public notice in the official newspaper [although these requirements can be <br />met by utilizing cooperative purchasing ventures such as state or coUnty <br />purchasing cooperatives] <br /> <br />for purchases estimated to be $10,000 to $50,000 --- sealed bids are <br />recommended or direct negotiations, with three quotations whenever <br />possible [no less than two] <br /> <br />3) for purchases estimated to be less than $10,000 --- open market or <br /> quotations [with at least two quotations] <br /> <br />Capital Items - Category #1 - The items that fall under this category are as follows: <br /> <br />Police <br /> <br />3 Squad Replacements <br /> <br /> Included in the 2004 budget is $90,000 for the purchase of three replacement squad cars. <br />The City is on a rotating program of squad replacement. These vehicles can be purchased from <br />the Hennepin County Cooperative Purchasing venture through Superior Ford. <br /> <br />Fire <br /> <br />Replace Rescue #2 <br /> <br /> Included in the 2004 budget is $55,000 for the purchase of a replacement of Rescue #2. <br />Sealed bids would need to be solicited, unless a cooperative purchasing agreement can be found. <br /> <br />-251- <br /> <br /> <br />