HomeMy Public PortalAboutAB 18-228 FY19-23 CAT loader Lease - Western States
McCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 18-228
Meeting Date September 27, 2018
AGENDA ITEM INFORMATION
SUBJECT:
Request to Adopt Resolution 18-19 for Governmental Equipment Lease-Purchase Agreement and a Non-Appropriation Addendum for FY2019-2023 for a loader with Western States
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
/
Clerk
Treasurer
Community Development
Police Department
Public Works
Originator
Golf Course
COST IMPACT:
$26,333 (annually)
Parks and Recreation
FUNDING SOURCE:
Streets Department
Airport
Library
TIMELINE:
FY19 – FY23
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
The Streets Department 5-year lease for one (1) Caterpillar M950 loader is set to expire on October 15, 2018 when that equipment will be returned to CAT. Public Works Department, working
with Western States and Caterpillar Financial Services has prepared new lease documentation for FY19 – FY23 that include all necessary provisions including: non-appropriations and a
buy-back certification indicating that Western States will purchase the equipment at the end of the lease period.
Also included with this Agenda Bill is Resolution 18-19 which allows the City to enter into a multi-year lease that includes a “Non-Appropriation” provision. All contracts/agreements
are being reviewed by legal counsel prior to securing signatures.
Approval of this new lease documentation will allow for the City to return the existing loader at the same time the new loader is delivered.
The Lease, Non-Appropriation Addendum, and Resolution are attached.
RECOMMENDED ACTION:
Adopt Resolution 18-19 authorizing the Mayor to enter into, on behalf of the City of McCall, a “Governmental Equipment Lease-Purchase Agreement” and a “Non-Appropriation Addendum”, and
authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION