HomeMy WebLinkAbout4.C.3. Authorize use of Re-purchase Agreements for two 2013 S570 BobcatsConsent Business 4. C. 3.
SHAKOPEE
TO: Mayor and City Council
Mark McNeill, City Administrator
FROM: Mike Hullander, Public Works Superintendent
DATE: 02/18/2014
SUBJECT: Authorize use of Re- purchase Agreements for two 2013 5570 Bobcats. (C, E)
Action Sought
Move to authorize staff to utilize the re- purchase agreement with Lano Equipment, Inc. on Unit
# 154 and # 174, 2013 S -570 Bobcats, for the price of $9,164.00 to be expended from the Internal
Service Equipment Fund.
Background
Public Works has annual re- purchase agreements with Lano Equipment, Inc. for three Bobcat
Skid Steer Loaders. These agreements were entered into with council authorization at the time of
Purchase.
Staff is requesting that council approve utilizing the re- purchase agreements on units #154 and
# 174 2013 S -570 Melroe Bobcats. The agreements are based on current State Bid Pricing minus
the current market value on a one - year -old used Bobcat. There is an additional fee of $8.00 for
every hour over 400 hours; to date staff has not been charged with any additional fees. Funding
comes from the Internal Service Equipment fund. Staff will be utilizing State Contract #71059.
Recommendation
Staff recommends utilizing these agreements.
Budget Impact
Equipment rent has been included in the 2014 budget for this equipment. Rent payments go into
the Internal Service Fund and these funds are used in the re- purchase agreements. Although the
buy back agreement shows sales tax on this purchase, it was confirmed with Lano Equipment that
sales tax does not apply, resulting in a savings of $630.02.
Relationship to Vision
C. Maintain the City's strong financial health.
E. Deliver effective and efficient public services by a staff of welltrained caring and professional
employees.
Requested Action
Move to authorize staff to utilize the re- purchase agreement with Lano Equipment, Inc. on Unit
#154 and # 174, 2013 S -570 Bobcats, for the price of $9,164.00 to be expended from the Internal
Service Equipment Fund.
Attachments: Bobcat Re- purchase
L999Estab stied in 1946
Bobcat. -
3021 W. 133rd St. • Shakopee, MN 55379 • Phone 9521445-6310 • Fax 9521496-0263 • www.lanoequip.com
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