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a three-year period. However, staff recommends that it be financed over a 59-month <br />period to take advantage of prevailing low interest rates and to improve the cash <br />position of the Landfill enterprise fund. Assuming that financing can be obtained at a 4% <br />interest rate, the estimated annual payments for the truck for the next five years should <br />be roughly $31,300. <br />RECOMMENDATION(S): The Manager recommends that the Board award bid <br />number 267 to Triad Freightliner of Greensboro, North Carolina at a delivered cost of <br />$144,821; and authorize the Purchasing Director to execute the necessary paperwork. <br />