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HomeMy WebLinkAbout5.A.2. Request to Utilize Re-purchase Agreement for the John Deere 1445 Mowerand a Bobcat S185 ~\ """ CITY OF SHAKOPEE s: fj.;L. MEMORANDUM TO: Mayor & City Council CO~ISENT Mark McNeill, City Administrator Bruce Loney, Public Works Director FROM: Michael Hullander, Public Works Supervisor DATE: May 2, 2006 SUBJECT: Request to utilize repurchase agreements for the John Deere 1445 Mower and a Bobcat S185. INTRODUCTION: Public Works is requesting council authorization to utilize the repurchase agreement from Siemon Implement, Inc for Unit #135 a John Deere 1445 mower. Public Works is also requesting council authorization to utilize the repurchase agreement from Lano Equipment, Inc. Unit # 154 a Bobcat S-185. The total cost ofthe two repurchases is not expected to exceed $7,000.00. BACKGROUND: Public Works has been using repurchase. agreements with Siemon Implement, Inc. for a number of years and find them to be of excellent value to save tax dollars on maintenance costs. All vehicles Public Works purchases through these agreements are covered with full warranties. Public Works currently has agreements with Siemon Implement, Inc. on 7 pieces of equipment including three John Deere 1445 Mowers, three John Deere 5400 Series Tractors, and one John Deere Gator. Public Works also has repurchase agreements with Lano Equipment, Inc. on three Melroe Bobcats. John Deere 1445 Mower: This mower is traded every 18 months at a cost of $2,500 plus $6.00 for every hour over 250 hours. Currently there are 236 hours on the mower. The total cost is not expected to exceed $3,000. The Internal Service Fund rental rate for 18 months is $3,150.00. 2006 BobcatS-185: State Bid Pricing #435752 $23,233.00 Trade-In ($19.500.00) Net Trade $3,733.00 Sales Tax $242.65 Total Cost $3,975.65 Currently there are 221 hours on the Bobcat and 400 hours or less are allowed on the trade-in. We do not anticipate going over the 400 hours. ~:\ "-.. The Internal Service Fund rental rate for 12 months is $8,004.00. Public Works can only estimate the cost at this time because of the uncertainty in the amount of hours on the equipment. Staff needs authorization to utilize agreements before the equipment can be ordered. VISIONING RELATIONSHIP: Goal E "Financially Strong." Strategy 10 "Ensure City's fiscal health." ALTERNATIVES: 1. Authorize staff to use the repurchase agreement with Siemon Implement, lnc for Unit # 135 a John Deere 1445 .Mower with a repurchase price of $2500.00 plus $6.00 for every hour over 250 hours and authorize staff to use the repurchase agreement with Lano Equipment, Inc. for Unit # 154 a 2006 Bobcat 8-185 with the repurchase price of$3975.65 with both payments to be expended from the Internal Service Fund. 2. Deny the request. 3. Table for additional information. RECOMMENDATION: Staff recommends alternative No.1. ACTION REQUESTED: Move to authorize staff to use the repurchase agreement with Siemon Implement,Inc for Unit # 135 a John Deere 1445 Mower with a repurchase price of$2500.00 plus $6.00 for every hour over 250 hours and authorize staff to use the repurchase agreement with Lano Equipment, Inc. for Unit # 154 a 2006 Bobcat S-185 with the repurchase price of $3975.65 with both payments to be expended from the Internal Service Fund. ~.~ Michael Hullander Public Works Supervisor , .Ii'.l!f! I Bobcat Kvl)~ ~ ... ;\BI-r EOUIPMENT~lNC. I c6... ~~; ~ jjo;ol. .'-~ .. 3021 W. 133rd St., ShakJpee, MN 55379 Tel. 952{445-6310 · 952/496-0263 6140 Hwy. 10 N.W., Ano~a, MN 55303 Tel. 763/323-1720 · 763/422-3949 LANO EQUIPMENT 3021 W. 133rd St.I' ShakOpee, MN 55379 INQUIRY (952) 445-6310 \. Fax (952) 496-0263 DATE TO. C i~ ot ~~ TEFlMSJJrsr ~o. ~ A1t~l/(;B~t: I DELlVERY~ (1\1 qsa- 0115:- \7)~~1j. . 0=>11 ::mRI 5 ~EO A EO.a,: PHONE' qS"-iOl33."'<~l)u-r . 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