Commissioners Court - Regular


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AI-9827 3.R.       
Meeting Date: 09/05/2018  
Authorize a Buyboard lease-purchase agreement with Holt Texas, Ltd. for a Caterpillar Wheel Loader.
Submitted By: Elsa Saenz, Purchasing Department
Department: Purchasing Department  

Information
RECOMMENDATION
Authorize lease purchase agreement with Holt Cat for a Caterpillar Wheel Loader as bid through the TASB Buyboard Contract No. 424-13 to include Amendment to agreement and warranty; discuss and consider resolution approving documents related to lease-purchase of Caterpillar Wheel Loader, authorizing County Judge to execute documents and all other action necessary to carry out such transaction.
BACKGROUND
The Coastal Parks Department is in need of a Wheel Loader to facilitate execution of its beach cleaning duties. Holt Texas, Ltd. was awarded a bid under the BuyBoard. Under the proposed lease-purchase agreement the County will make four (4) annual payments and at the end of the lease-purchase agreement will own the wheel loader outright. A 2011 CAT front end loader will be traded in. The County, through its Coastal Parks department, will be responsible for any maintenance.
DISCUSSION
Cost of machine will be paid from Dept. 0180 over the course of four (4) years, the first payment is to be paid from the 2017-2018  Budget. Cost includes three (3) annual payments of $39,170.33 and a final payment of $1.00. Unit #63316 2011 CAT front end loader will be traded in under this contract with a trade-in value of $63,000.00. Public traded company, Form 1295 not needed.

Budget Information
Information about available funds
Budgeted: Funds Available: Adjustment: Amount Available:
Unbudgeted: Funds NOT Available: Amendment:
Account Code(s) for Available Funds
1:
Fund Transfers
Attachments
Holt Cat front end loader agreement documents


    

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