Title
Community Development Agency, Administration and Finance Division recommending the Board consider the following:
1) Make findings, in accordance with ordinance 3.12.160 (C), that competitive bidding for the operational lease of one motor grader would produce no economic benefit to the County;
2) Approve Master Lease Agreement 0062929 (#648-O1411) and Amendment to Master Lease Agreement with John Deere Financial doing business as Deere Credit, Inc. of Johnston, Iowa for the Lease for one motor grader for the County Service Area No. 3. West Shore Snow Removal Zone of Benefit in the Tahoe Basin, acquired on behalf of the Agency’s Transportation Division;
3) Authorize the Purchasing Agent to execute the retroactive Master Lease Agreement and Amendment to Master Lease Agreement #648-O1411 for the period of June 1, 2014 through June 1, 2021 for twenty-eight quarterly lease payments of $10,005.36 each in accordance with Lease Schedule 030-0062929-000 of the above referenced Master Lease Agreement for a total amount of $280,150.08; and
4) Authorize payment in the amount of $20,010.72 to Deere Credit, Inc. for the first two quarterly payments under the Master Lease Agreement and Lease Schedule thereto upon execution of agreement. (Cont. 9/9/14, Item 9)
FUNDING: County Service Area No. 3, West Shore Snow Removal Zone of Benefit.
Body
BUDGET SUMMARY:
Total Estimated Cost…………… $280,150
Budget - Current FY…………… $60,500
Budget - Future FY……………… $219,650
New Funding…………………….
Savings…………………………
Other……………………………
Total Funding Available………… $280,150
Change To Net County Cost…… $0
Fiscal Impact/Change to Net County Cost
Funding for the lease payments is through the zone of benefit annual assessments. The payments are budgeted in Fiscal Year 2014-15, and future payments will be included in proposed future budgets. There is no impact to the General Fund or change to Net County Cost.
Background
On September 10, 2013, the Board of Supervisors...
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