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DATE: <br />T0: <br />FROAi: <br />RE: <br />M E I�1 0 R A N D U hl <br />January 28, 1987 <br />Steve North <br />Craig A. Waldron <br />Car 401 <br />cc: Ed Burrell <br />r <br />Car 401, the code enforcement Chevette, was recently in an <br />accident that will require approximately $1,100.�� as a low bid <br />to $2,2�0.00 as a high bid to repair. In view of the fact that <br />this car is worth approximately $1,600.00 retail and $900.a0 <br />wholesale, it a�pears appropriate that a new car be purchasesi as <br />oppos�d ta repair�ng t�e existing v�t�icle. I would recommend <br />that we sell �he chevette, receiye the maxicnum money possible for <br />that vehicle and pur�hase the new one �hrough the corr�munity <br />�development fund, There should be at 1 or at le�st 2 pa�rments <br />coming te� the fund this y�ar rel�ting ko the refunding for <br />O�k�crest Plaza, anc3 the t�iRC/Port Authority bond. <br />