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Form #: B-52 <br /> 7/18/91 <br /> DEPARTMENT OF FINANCE <br /> REQUEST FOR COUNCIL ACTION <br /> DEPARTMENT: Environmental Management-Solid Waste DATE: 01/10/2024 <br /> STAFF CONTACT; Michael Kaha PHONE: 808-961-8270 <br /> A. REQUEST: <br /> Resolution authorizing the Mayor to enter into a multi-year lease agreement for four (4) 40 ft. Compacting <br /> Trailers <br /> B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): <br /> The Solid Waste Division utilizes compacting trailers to collect and haul refuse from various transfer stations <br /> on Hawai'i Island to the East Hawaii Regional Sort Station or the West Hawai'i Sanitary Landfill. <br /> Many of the Divisions current fleet of compacting trailers are old and reaching the end of their useful life. <br /> They are becoming costly to repair and maintain. <br /> The Division is requesting to purchase four 40 ft Compacting Trailers to replace older trailers that are over 16 <br /> years old. These trailers are essential for daily operation of our transfer stations. Having adequate trailers <br /> are necessary to help ensure that the Division meets with all rules and regulations as set forth by the State <br /> Department of Health. <br /> This equipment will be leased financed such that the County will own the equipment at the end of a five year <br /> lease. The purchase price is estimated at $250,000 for each trailer or $1,000,000 for all four. The monthly <br /> payment for all four trailers is estimated to be $18,800, with an annual estimated payment cost of$225,600. <br /> Funding for the lease is included in the Fiscal Year 2023-2024 budget, delivery of the trailers is not expected <br /> until Q3 FY2024/2025 due to the long lead time and delivery time. <br /> SIGNED: @.‘0\64-) • DATE: Vt /1-1 <br /> Departm nt Head <br />