Title:
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Lease Purchase of Refuse and Recycle Containers (Carts)
Motion authorizing City Manager, or designee, to lease-purchase from Cascade Engineering, Inc., of Grand Rapids, Michigan, 9,440 96-gallon refuse containers and 1,870 96-gallon recycle containers for a total amount of $569,409.99, with an estimated expenditure of $66,431.05 in FY2016-17. The award is based on the cooperative purchasing agreement with the Houston-Galveston Area Council of Government (H-GAC). The containers will be used in the City’s automated collection program.
Lease-Purchase Price $534,736.80
Interest $34,673.19
Total $569,409.99
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