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DATA PROCESSING <br /> ii.......,os <br /> A Level Government Center <br /> Minneapolis, Minnesota 55487 <br /> HENNEPIN <br /> June 2, 1983 <br /> Mr. David Childs <br /> St. Anthony Manager <br /> 3301 Silver Lake Road <br /> St. Anthony, MN 55418 <br /> Dear Mr. Childs: <br /> As you are aware, Hennepin County has been going through the process of acquiring <br /> new mobile radios which municipalities will use in their emergency vehicles. The <br /> present status of the procurement is that the bid specifications will be issued to <br /> vendors the second week in June with the bid opening taking place by the end of the <br /> • month. The standard radio will be that described in my March 20, 1983, letter to you. <br />- - — After two-mailings to-all municipalities using-the program, a meeting in March,-and-an <br /> analysis of the written, responses received, -the following lease structure will be <br /> proposed to the Hennepin County Board of Commissioners. <br /> Financing Terms - Replacement Factor <br /> o Users will repay the County for the purchase price of the radio less a 10% <br /> residual value. This amount, called the replacement factor, will be spread <br /> out over eight years. If a radio costs $1,100, the replacement factor will be <br /> calculated as follows: <br /> 1100 - 110 = $123.75/yr for 8 years <br /> 8 <br /> No charge will be made for interest. <br /> o After 8 years the replacement factor will be $1/year for the remaining years <br /> in use. <br /> o Any options requested by a user. from an approved list will be at additional <br /> cost. The full cost of the options (with no residual value) will be paid back to <br /> the County over the same eight year period. <br /> o The County will continue to own the radios and manage the system and the <br /> equipment. <br /> HEN N ^`lN-COUNTY <br /> an equal opportunity employer <br />