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CITY OF DUBLIN
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: October 26, 1987
SUBJECT Sale of Surplus Vehicle-1974 Mercedes
EXHIBITS ATTACHED None
RECOMMENDATION Award Bid to Robert D. Reineccius
Ok"'
FINANCIAL STATEMENT: The City will receive $6, 555. 00 upon sale of the
vehicle.
DESCRIPTION : At the September 28, 1987 Council meeting, the City
Council accepted the results of the bids for the sale of two vehicles, a
1972 Datsun 240Z and a 1985 Corvette, and awarded the sale to the highest
bidders for each vehicle. At the same meeting, the Council rejected all the
bids for a 1974 Mercedes and directed Staff to re-bid the sale of that
vehicle through the sealed bid process .
On October 9, 1987, Staff opened sealed. bids for the 1974 Mercedes 450 SEL.
Ten bids were submitted, ranging from $4, 202. 00 to $6, 555. 00. Each bid was
accompanied by a cashier' s check for 10% of the bid amount. The four
highest bidders and their bids are :
1 ) Robert D. Reineccius $6, 555. 00
2) Robert L. Ribelin $5, 699. 90
3) Don Sabin $5, 501. 00 •
4) Doris Filton $5,175. 00
Staff has refunded the deposits to the other six bidders, but is retaining
the deposit for those listed above. The reason for this retention is to
protect the City against a possible loss, should the highest bidder be
unable to produce the balance due. In that case, the highest bidder 's
deposit would be retained by the City and the second highest bidder would be
given the opportunity to make good his bid.
Staff recommends that the City Council accept the bids and award the sale of
the vehicle to the highest bidder, Robert D. Reineccius .
COPIES TO:
ITEM NO. 4a,