HomeMy WebLinkAboutCOM 0503.000 2018-2020 •
Harry ••••• "+yam Deanna S. Sako
Mayor F.t. ,`\ %e ` Director
Steven A.Hunt
Deputy Director
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County of Hawaii
Finance Department
25 Aupuni Street,Suite 2103 • Hilo,Hawai`i 96720
(808)961-8234 • Fax(808)961-8569
September 13, 2019 •
Aaron Chun Council Chair and
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Members of the Hawai`i County Council rroi
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 two (2) small boom trucks 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 trucks will be $5,950 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.
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07414
Deanna S. Sako
Director of Finance
Enc.
cc: Public Works
ties. 331-1�y .
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Comm. No. 5 W/
Ref. To: L
Hawai'i County is an Equal Opportunity Employer and Provider Ref. Dote 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
two (2) Small Boom Trucks for the Department of Public Works - Highways Division.
B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED):
The Small Boom Trucks 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 the Small Boom
Trucks being avaliable for use instead of in the repair shop.
The two (2) Small Boom Trucks will be leased for a period of five (5) years. The purchase is estimated at
$350,000. The estimated monthly cost of the lease is $5,950.
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
Department Head