File #: 16-1084    Version: 1 Name:
Type: Motion Status: Filed with the City Secretary
File created: 9/6/2016 In control: City Council
On agenda: 9/20/2016 Final action: 9/27/2016
Title: 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
Sponsors: Fleet Maintenance Services, Parks and Recreation Department, Contracts and Procurement
Attachments: 1. Agenda Memo - Slope Tractor Mowers, 2. Price Sheet - Slope Tractor Mowers

Title

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