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HomeMy WebLinkAboutCOM 0701.000 2022-2024 Mitchell D.Roth •'oast 7,"±!,� Diane Nakagawa Mayor • : ��,I2 ` Director r:4N- a„ .r "I" Aaron K.H. Brown •= Deputy Director • County of Hawaii Finance Department 25 Aupuni Street,Suite 2103 • Hilo,Hawai`i 96720 F' (808)961-8234 • Fax(808)961-8569 <- January 19, 2024 — -=--+ 'O C) :r r-=`' Heather Kimball, Council Chair and Members of the Hawai`i County Council 1 =" "' Hawai`i County Council 25 Aupuni Street Hilo, Hawaii 96720 Re: Resolution for a multi-year lease Enclosed is a resolution authorizing the payment of funds for more than one fiscal year, for a new multi-year lease agreement for two grapple trucks. This equipment is to be used by the Department of Environmental Management's Solid Waste Division and is needed to move scrap metals, old appliances and other bulky items from the various transfer stations to scrap metal facilities. The lease payments are anticipated to commence in FY 2024-25 at a monthly cost of approximately $11,000. If there are any questions,please do not hesitate to call Michael Kaha of the Department of Environmental Management at 961-8270. alA,.- ,, Diane Nakagawa Director of Finance - Enc. c: DEM 4 Res. 1-k‘ot- Qm Comm. No. I Ref. To: Hawai'i County is an Equal Opportunity Employer and Provider Ref. Date JAN 2 3 �U�4 Form #: B-52 7/18/91 DEPARTMENT OF FINANCE REQUEST FOR COUNCIL ACTION DEPARTMENT: Environmental Management-Solid Waste DATE: 1/10/2024 STAFF CONTACT: Michael Kaha PHONE: 808-961-8270 A. REQUEST: • Resolution authorizing the Mayor to enter into a multi-year lease agreement for two (2) 2024/2025 production year Grapple trucks. B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): The Solid Waste Division utilizes grapple trucks to move unwanted and disposed of scrap metals, old appliances and big bulky items from the various transfer stations to the contractors permitted scrap metal facility. Incorporating the additional two trucks will provide the Operations more flexibility in serving all the facilites islandwide. Additionally, it will ensure that the Division can keep up with the ever growing population of Hawaii Island, as well as remain in compliance with the rules and regulations of the State Department of Health This equipment will be leased financed such that the County will own the equipment at the end of a five year lease. The total purchase price for the 2 trucks is estimated to be $612,000. It is estimated that the monthly lease payments for the 2 trucks will be $11,000, the annual estimated payments is $132,000. Funding for the lease is included in the Fiscal Year 2023-2024 budget, due to the delivery andlead time, the first payment is not expected to be made unitl Q3 FY2024/2025. • SIGNED: ( .---Ydt✓�. CO --- DATE: /1/4)--L( Depart ent Head