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i <br /> i <br /> I <br /> a <br /> Form : B-52 <br /> 7/18/91 <br /> DEPARTMENT OF FINANCE 3 <br /> 1 <br /> REQUEST FOR COUNCIL ACTION <br /> 1 <br /> 3 <br /> DEPARTMENT: Finance DATE: 9/14/22 <br /> STAFF CONTACT: Naomi O'Dell PHONE: 961-8021 <br /> A. REQUEST: <br /> Request a resolution to authorize the VRL division to enter into a multi-year lease for five (5) years for a <br /> multi-function copier. <br /> The copier will be assigned to the Periodic Motor Vehicle Inspection - Hilo Office, located at 349 Kapiolani <br /> Street, Hilo, HI 96720. <br /> B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED <br /> The lease for the current copier will expire in February 2023. It is necessary to enter into a lease agreement <br /> for a new copier to continue essential daily operations. <br /> The estimated lease cost is $72.00 per month for a sixty (60) month term. This estimate is based on an <br /> average monthly print volume of 905 pages. The estimated FY22-23 payments are budgeted in the FY22-23 <br /> operating budget Lease payments for subsequent years will be budgeted accordingly. <br /> Payments will begin after the delivery of equipment. <br /> .r <br /> SIGNED: DATE: i <br /> Department Head <br />