HomeMy WebLinkAboutCOM 0623.000 2000-2002
Ha Kim cPva~Y'oF k°'~'
~ William Takaba
Mayor aa,r,H.
Director
~ Nancy E. Crawford
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+~qp•. • •`O•yye` Deputy Director
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COilll~y Of ~~W~11
Finance Department
25 Aupuni Street, Room 118 • Hilo, Hawaii 96720
(808) 961-8234 • Fax (808) 961-8248
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May 1, 2002
Honorable James Arakaki, Chairperson and
Members of the County Council
Hawaii County Council
25 Aupuni Street
Hilo, Hawaii 96720
Re: Resolution for multi-year lease
Enclosed is a resolution authorizing the payment of funds for more than one fiscal year
for the lease of four (4) truck tractors for the Department of Environmental Management
Solid Waste Division. Several of the current truck tractors are in excess of 10 years of
age, have high mileage, incur major repairs, and are approaching the end of their useful
life.
The Solid Waste Fund does not have the resources to purchase the referenced
equipment and therefore request the authority to enter in a lease agreement for five (5)
years.
If there are any questions, please do not hesitate to call the Department of
Environmental Management.
G~~
William Takaba
Director of Finance
APP VED:
arty Kim
Mayor
Enc. r -
cc: Environmental Management
Ito:.
Wit, ~nt~ ~ lU
Form 8-52
7118191
DEPARTMENT OF FINANCE
REQUEST FOR COUNCIL ACTION
DEPARTMENT: Environmental Management, Solid Waste Division DATE: April 26, 2002
STAFF CONTACT: Laurence Capellas PHONE: 961-8339
A. REQUEST:
Resolution for the financing leasing of four (4) Truck Tractors for a period of five
years.
B. ~3ACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEFDE~;
Replacement equipment is needed for:
One (1) 1990 Peterbilt Truck Tractor and three (3) 1991 Peterbilt
Truck Tractors, which are in excess of 10 years in age, have high
mileage, incurring major repairs and expensive parts and all trucks
are approaching the end of their useful life.
The Solid Waste Fund does not have the resources to purchase the referenced
equipment, and therefore requests the authority to enter into a lease program to
fnance the purchase over five years. Funding for the lease is budgeted in FY
2002-2003.
SIGNED: DATE: ®Z~
~ Department Head