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HomeMy WebLinkAboutCOM 0474.000 2004-2006 ~ZY o! Harry Kim William Takaba Sla~em ~ ~ Der cc(ur Nancy E Crawford ~t••. Depult'Du'ecior 1T! Of ~Ml~ County of Hawaii - Finance Department ~ ; 2~ 4upuni Svcci. Ruom I IS • Hilo Ilnwaii 96720 - i%08)961-N234 • Fax (80R]961-R24H October 3, 2005 Stacy K Higa, Chairman and Members of the Hawaii 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 eight (8) refuse trailers for the Department of Environmental Management Solid Waste Division. These new refuse trailers are replacing ones currently used at the transfer stations and which are in excess of 10 years of age, require extensive repairs, and have reached 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. The funding for this lease is included within the current fiscal year's budget. If there are any questions, please do not hesitate to call the Department of Environmental Management. Ill VVv"v~ William Takaba Director of Finance APPROVED: Harry Kim Mayor Enc. Comm. No. 4?~ Ref. To: r+ cc: Environmental Mgt Rat. Uate r, RC ~ . I g 5 _ O S> Hawai'i County is an Equal Opportunity Provider and Employer Form #:B-52 7/18/1991 DEPARTMENT OF FINANCE REQUEST FOR COUNCIL ACTION DEPARTMENT: Environmental Management, Solid Waste Division DATE: September 2, 2005 STAFF CONTACT: Micheal Dworsky PHONE: 961-8515 A. REQUEST: Resolution for the financing leasing of eight (8) 75 cubic yard Refuse Trailers for a period of five years. B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): Replacement equipment is needed for: Eight (8) 1995 Hardee Refuse Trailers, all trailers 10 years of age, require major replacement parts and maintenance, and all trailers have reached the end of their useful life. The steel wall panels of the trailers are corroded and trailers need extensive repairs to insure safe operation on public highways. 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 finance the purchase over five years. Funding for the lease is budgeted in FY 2005-2006. SIGNED: DATE: ~ Department Head