HomeMy WebLinkAboutCOM 0501.000 2018-2020 Harry Kim ++tvr°F"..y.... Deanna S. Sako
Mayor •��-„ 4I4IDirector
Steven A.Hunt
% •o
• Deputy Director
•
County of Hawaii
Finance Department •
25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720
(808)961-8234 • Fax(808)961-8569
r-�
cim co
September 13, 2019 co,,
Aaron Chung, Council Chair and
• Members of the Hawai`i County Council
Hawai`i County Council
25 Aupuni Street
Hilo, Hawai`i 96720 A"TM"
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 tandem trailer for a backhoe for the
Department of Public Works. This equipment will replace an older and aging model that
requires frequent repairs. The approximate monthly cost for the tandem trailer will be
$1,150 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. 3)..q-19>
Comm. No. 961
Ref. To: PC
Hawaii County is an Equal Opportunity Employer and Provider
Ref. date SEP 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 a
Tandem Trailer for a Backhoe for the Department of Public Works - Highways Division.
B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED):
The Tandem Trailer will replace an older and aging model 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 the Tandem
Trailer being avaliable for use instead of in the repair shop.
The Tandem Trailer will be leased for a period of five (5) years. The purchase is estimated at $65,000. The
estimated monthly cost of the lease is $1,150.
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.
AUG 2 2 2019
SIGNED: DATE:
Department Head cam{
Vu