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Form #: B-52 <br /> 7/18/91 <br /> DEPARTMENT OF FINANCE <br /> REQUEST FOR COUNCIL ACTION <br /> DEPARTMENT: Public Works - Highways DATE: 8/21/19 <br /> STAFF CONTACT: Neil Azevedo/L'oreal Simmons PHONE: 961-8349 <br /> A. REQUEST: <br /> Resolution authorizing the Mayor to enter into a multi-year lease agreement for a period of five (5) years for <br /> two (2) Backhoes for the Department of Public Works - Highways Division. <br /> B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): <br /> The Backhoes will replace older and aging models with high usage and in need of frequent repairs that are <br /> costly. The new equipment will help alleviate equipment repair and parts cost spent on older equipment that <br /> breaks down. It will also increase efficiency and amount of work done due to Backhoes being avaliable for <br /> use instead of in the repair shop. <br /> The two (2) Backhoes will be leased for a.period of five (5) years. The purchase is estimated at$220,000. <br /> The estimated monthly cost of the lease is $3,700. <br /> Funding for the lease is included in the FY 2019-2020 Budget. This equipment will be leased financed such <br /> that the County will own the equipment at the end of the five (5) year lease. <br /> SIGNED: DATE: <br /> AUG 2 2 2019 <br /> Departme Head <br />