According to a city press release, each gasoline-powered sedan in Indy’s fleet would have cost taxpayers about $9,000 per year over the next decade, including purchase, fuel, maintenance and insurance. The Vision Fleet vehicles will cost about $7,400 per year over that period, saving taxpayers about $1,600 annually per vehicle.
Lotter said the city will pay its annual fees to Vision Fleet through the savings on fuel and other vehicle costs. He said the city's total fleet costs, including payments to Vision Fleet, will be "nominally less" this year, and will decline by 2016. City officials couldn't immediately specify total fleet costs.So they don't even know what total fleet costs are, but they're sure there's a cost savings in their somewhere. According to the IBJ's report, the administration put out an RFI to find financing for a fleet conversion, and the respondents were traditional vehicle-financing companies. Vision Fleet did not respond to the RFI. I'm not sure why the leasing of these vehicles wasn't publicly bid, but it seems that none of the state's procurement laws apply to this corrupt administration and nobody really gives a damn. DPW says it would have cost $12 to $13 million to buy the cars outright. Really? Who pays for all of the electrical charging stations that will need to be installed? What's the tab for that?
Brylawski's last electric car venture, Bright Automotive, went belly up after he blew through $15 million. He blamed the federal government for not providing his company with a $450 million low-interest loan as the reason for his business' failure. The City of Indianapolis is Vision Fleet's only customer. I repeat, we are the company's first and only customer. It looks like the Boulder, Colorado-based company slapped up a website just in time for today's announcement. I feel for Ballard's successor already. He or she is going to be spending most of their first term figuring out how to undo all of the bad deals this mayor has done that will cost this city dearly for decades to come.
UPDATE: Fellow blogger Pat Andrews mentions these dates that are noteworthy:
- Vision Fleet Funding and Indy Vision Funding were formally incorporated to do business in Indiana on March 19, 2014. Vision Fleet Funding was originally incorporated on August 6, 2013 in the state of Delaware.
- The company's contract with DPW was signed by Brylawski and DPW Director Loris Miser on February 8, 2014. The company should not have been allowed to sign a contract with the City until it had been incorporated to do business in this state.