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Form#: B-52 <br /> 7/18/91 <br /> DEPARTMENT OF FINANCE <br /> REQUEST FOR COUNCIL ACTION <br /> DEPARTMENT: Public Works DATE: 07/21/2014 <br /> STAFF CONTACT: Ronald L. Thiel PHONE: 961-8341 <br /> A. REQUEST: <br /> DPW-Traffic Division is requesting a resolution authorizing the payment of funds, in a later year and for more <br /> than one fiscal year, for a multi-year lease to purchase a Thermoplastic Traffic Markings Long Line Truck. <br /> The lease to purchase would be for a term of no more than five (5) years. <br /> B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): <br /> The Traffic Division is currently using walk-behind thermopolastic handliners to maintain all County traffic <br /> control road markings and to install new striping on County resurfacing projects. This new equipment <br /> request will increase the productivity and ability of the current Traffic Division markings crew to install and <br /> maintain linear traffic control markings at a rate that meets Federal Manual on Uniform Traffic Control <br /> Devices (MUTCD) road markings retroreflectivity standards which are currently not being met using existing <br /> walk-behind thermoplastic handliners. This line truck will be scheduled for use between both East and West <br /> Hawaii markings crew for island-wide maintenance and projects. <br /> Anticipated costs are approximately $420,000 with interest over a five year lease to purchase term. <br /> Estimated lease cost is $7,000.00 per month or$84,000 annually to begin upon estimated delivery date of <br /> January 2016. <br /> This purchase will be funded by the Highway Fund. <br /> SIGNED:' <br /> DATE: . -1 ClAt (4, <br /> epart ent Head <br />