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HomeMy WebLinkAboutCOM 0980.000 2012-2014 •at.• os Nay i William P. Kenoi " cR adi;� Nancy E. Crawford �;,Mayor : `� L, : Director • •-- Deanna S. Sako �r•:; ���` Deputy Director County of Hawaii N n O Finance Department 25 Aupuni Street, Suite 2103 • Hilo,Hawai`i 96720 (808)961-8234 • Fax(808)961-8569 July 31, 2014 • J Yoshimoto, Council Chair and N — Members of the Hawai`i County Council -- Hawai`i County Council 25 Aupuni Street Hilo, Hawai`i 96720 Re: Resolution for 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 a thermoplastic traffic markings long line truck for the Department of Public Works' Traffic Division. This equipment is expected to allow the Traffic Division to install and maintain linear traffic control markings at an increased rate, which would enable them to meet the Federal Manual on Uniform Traffic Control Devices (MUTCD) road marking retro-reflectivity standards. If there are any questions, please do not hesitate to call Warren Lee, Director of the Department of Public Works at 961-8321. Nancy Crawford Director of Finance Enc. <Res cc: Public Works . -14> Comm. No. I / Hawai`i County is an Equal Opportunity Provider and Employer Ref. To: Ref. Date 3 Form#: B-52 7/18/91 DEPARTMENT OF FINANCE REQUEST FOR COUNCIL ACTION DEPARTMENT: Public Works DATE: 07/21/2014 STAFF CONTACT: Ronald L. Thiel PHONE: 961-8341 A. REQUEST: DPW-Traffic Division is requesting a resolution authorizing the payment of funds, in a later year and for more than one fiscal year, for a multi-year lease to purchase a Thermoplastic Traffic Markings Long Line Truck. The lease to purchase would be for a term of no more than five (5) years. B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): The Traffic Division is currently using walk-behind thermopolastic handliners to maintain all County traffic control road markings and to install new striping on County resurfacing projects. This new equipment request will increase the productivity and ability of the current Traffic Division markings crew to install and maintain linear traffic control markings at a rate that meets Federal Manual on Uniform Traffic Control Devices (MUTCD) road markings retroreflectivity standards which are currently not being met using existing walk-behind thermoplastic handliners. This line truck will be scheduled for use between both East and West Hawaii markings crew for island-wide maintenance and projects. Anticipated costs are approximately $420,000 with interest over a five year lease to purchase term. Estimated lease cost is $7,000.00 per month or$84,000 annually to begin upon estimated delivery date of January 2016. This purchase will be funded by the Highway Fund. SIGNED:' DATE: . -1 ClAt (4, epart ent Head