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2 1 <br /> for equipment associated with implementation of the Regulated Recyclable Materials <br /> Ordinance. The attractive 3.75% interest rate over the 59-month term will allow the County to <br /> preserve a significant amount of cash in the Solid Waste/Landfill Operations Enterprise Fund. <br /> With estimated total interest payments of roughly $16,000, the total cost of this action over five <br /> years, if approved by the Board, would be approximately$231,000. Sufficient funds are and <br /> will be available in the Solid Waste/Landfill Operations fund to cover installment purchase <br /> payments. <br /> RECOMMENDATION(S): The Manager recommends that the Board: <br /> 1. Award Bid Number 242 in the amount of$214,666 to Lodal-South of Rockingham, <br /> North Carolina for two (2) G-S Products 50425 bodies mounted on 2003 International <br /> 7400 truck cabs and chassis for use in the multi-family recycling program; and <br /> 2. Authorize the Purchasing Director to execute the necessary paperwork: and <br /> 3. Authorize the Finance Director and Attorney to execute appropriate documents to <br /> include the financing of this equipment with'the previously approved solid waste <br /> equipment being financed through Central Carolina Bank. <br />