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position, and did not came with a safety valve that prevented the dump arm from falling in the <br />event of a broken hydraulic line. <br />z <br />FINANCIAL IMPACT: Total cost of this action, if approved by the Board, would be $143,589. <br />Staff plan to obtain financing for the equipment through an existing financing agreement <br />previously approved by the BQCC with Central Carolina Bank at a very favorable interest rate of <br />3.95%. The annual payments for the 59-month term will be $32,188. Sufficient funds to cover <br />the principal and interest payments for this vehicle purchase have been included in the <br />proposed FY 2004-05 Solid Waste Management Department operating budget, <br />RECOMMENDATION(S): The Manager recommends that the Board award bid number 248 to <br />Carolina Environmental Systems of Kernersville, North Carolina at a delivered cost of $143,589; <br />and authorize the Purchasing Director to execute the necessary paperwork, <br />