HomeMy WebLinkAboutCOM 0499.000 2018-2020 OF of
Harry Kim ot•....!!i Deanna S. Sako
Mayor }: ,dd1Director
Steven A.Hunt
•= =_" Deputy Director
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County of Hawaii
Finance Department
25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720
(808)961-8234 • Fax(808)961-8569
September 13, 2019
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Aaron Chung, Council Chair and
Members of the Hawai`i County Council ta (ID
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Hawai`i County Council µ
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 two (2)backhoes for the Department of Public
Works. This equipment will replace older and aging models that require frequent repairs.
The approximate monthly cost for the two units will be $3,700 per month for 60 months.
If there are any questions,please do not hesitate to call Sharilynn Olivar of the
Department of Department of Public Works at 961-8463.
Deanna S. Sako
Director of Finance
Enc.
cc: Public Works
<Res. 3a1-19
Comm. No.
Ref. To: 0
Hawaii County is an Equal Opportunity Employer and ProviderRef.Ante LP 1 7 2019
Form #: B-52
7/18/91
DEPARTMENT OF FINANCE
REQUEST FOR COUNCIL ACTION
DEPARTMENT: Public Works - Highways DATE: 8/21/19
STAFF CONTACT: Neil Azevedo/L'oreal Simmons PHONE: 961-8349
A. REQUEST:
Resolution authorizing the Mayor to enter into a multi-year lease agreement for a period of five (5) years for
two (2) Backhoes for the Department of Public Works - Highways Division.
B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED):
The Backhoes will replace older and aging models with high usage and in need of frequent repairs that are
costly. The new equipment will help alleviate equipment repair and parts cost spent on older equipment that
breaks down. It will also increase efficiency and amount of work done due to Backhoes being avaliable for
use instead of in the repair shop.
The two (2) Backhoes will be leased for a.period of five (5) years. The purchase is estimated at$220,000.
The estimated monthly cost of the lease is $3,700.
Funding for the lease is included in the FY 2019-2020 Budget. This equipment will be leased financed such
that the County will own the equipment at the end of the five (5) year lease.
SIGNED: DATE:
AUG 2 2 2019
Departme Head