HomeMy WebLinkAboutCOM 0659.000 2016-2018 Harry Kim .JMtY OF ,' Deanna S. Sako
Mayor
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December 14, 2017
Valerie Poindexter, Council Chair and
Members of the Hawai`i 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 a new multi-year lease agreement for a bucket truck for the Department of Public
Works' Traffic Division. This equipment will be utilized by the Traffic Division for
general streetlight installation and maintenance.
If there are any questions,please do not hesitate to call Aaron Brown of the Department
of Public Works at 961-8463.
Deanna S. Sako
Director of Finance
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Hawaii County is an Equal Opportunity Employer and Provider
Form #: B-52
7/18/91
DEPARTMENT OF FINANCE
REQUEST FOR COUNCIL ACTION
DEPARTMENT: Public Works DATE: 12/07/2017
STAFF CONTACT: Ronald L. Thiel, P.E. PHONE: 808-961-8341
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 Bucket Truck for the Signals & Street Lights
section. 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 in need of replacement Bucket Truck in a smaller size for streetlight
installation and maintenance. The current vehicle is 15 years old and needed to perform maintenance and
installations on small rural roads where existing large boom truck has a harder time traveling. This request
will increase the productivity and ability of the Signals & Street Light crews to install new conversions, repair
and maintain existing signals and streetlights that service the public island-wide.
Anticipated costs are approximately $150,000 with interest over a five year lease to purchase term.
Estimated lease cost is approximately $2,617.50 per month or $31,410 annually to begin upon estimated
delivery date of September 2018.
This purchase will be funded by the Highway Fund.
SIGNED: DATE: /a�/0
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