Purchasing Committee April 15, 2010

mtankersley April 22nd, 2010


The Lawrence County Purchasing Committee convened on Thursday, April 15, 2010 at 4 p.m. in the Second Floor Conference Room of the Lawrence County Administrative Center.

Members present were Paul Rosson, Jerry Dryden, Rick Hill and Alan Keener. Also present were Budget Director Teresa Purcell, Road Superintendent Donnie Brown and others.

The purpose of the meeting was to open bids for a reclaimer for the Highway Department.

The following bids were opened for the equipment:

Nashville Tractor & Supply presented a letter of intent not to bid.

Thompson Machinery submitted a bid in the amount of $367,000 with a delivery date of 2-4 weeks.

Mr. Brown recommended the bid from Thompson Machinery be accepted.

A motion was made by Alan Keener, seconded by Jerry Dryden to accept the bid as presented. The motion was approved with all ayes.

The following bids were then opened for the financing options:

First Farmers with a first payment of $80,905.39 and an interest rate of 4.45%

Wachovia with a first payment of $78,479.30 and interest rate of 3.42%

Suntrust with a first payment of $65,851.14 and interest rate of 3.05%

Republic 1st National with a first payment of $67,908.30 and interest rate of 4.38%

Thompson Machinery with a first payment of $65,699.07 and interest rate of 2.952%

After a period of discussion, Mrs. Purcell recommended accepting the lowest bid on the financing.

A motion was made by Alan Keener, seconded by Rick Hill to accept the financing option from the low bidder of Thompson Machinery. The motion was approved with all ayes.

With no further business, the meeting was adjourned without objection.