HomeMy WebLinkAboutCOM 0504.000 2018-2020 •
Harry Kim o+`"-O` �" +,�. Deanna S. Sako
Mayor �� �Id1 Director
' 41''' Steven A.Hunt
im.
• . Deputy Director
County of Hawaii
Finance Department
25 Aupuni Street,Suite 2103 • Hilo,Hawai`i 96720
(808)961-8234 • Fax(808)961-8569
csa CD
September 13, 2019
;:.r;(7-Y
Aaron Chung, Council Chair and
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 three (3) tractor mowers for the Department of
Public Works. This equipment will replace older and aging models that require frequent
repairs. The approximate monthly cost for the three tractor mowers will be $4,100 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. 33A-
Comm. No. ✓OI
Ref. To: �i
Hawai'i 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
three (3) Tractor Mowers for the Department of Public Works - Highways Division.
B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED):
The Tractor Mowers 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 Tractor Mowers being
avaliable for use instead of in the repair shop. The Tractor Mowers will be used for roadside grass cutting
maintenance.
The three (3) Tractor Mower will be leased for a period of five (5) years. The purchase is estimated at
$240,000. The estimated monthly cost of the lease is $4,100.
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
l Department Head