Title:
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Lease-Purchase of two Slope Tractor Mowers for the Parks and Recreation Department
Motion approving the lease-purchase of two Slope Tractor Mowers from Alamo Industrial, of Seguin, Texas for a total amount of $365,600.00. $51,000.00 will be paid out of FY2015-2016 funds, leaving $314,600.00 to be lease-purchased with allowing interest of $23,706.00 for a total not to exceed $389,306.00. The award is based on the cooperative purchasing agreement with Texas Local Government Purchasing Cooperative, dba BuyBoard.
Two Slope Tractor Mowers
Total Non-financed:
$51,000.00
Total Lease-Purchase:
$314,600.00
Total Allowable Interest for Lease:
$23,706.00
Not To Exceed Grand Total:
$389,306.00
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