HomeMy WebLinkAbout4.B.3. Re-purchase Agreements for Two 2011 S-185 Bobcats � . (3. 3
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CITY OF SHAKOPEE
MEMORAND UM � � � � � �`�� �
TO: Mayor & City Council
Mark McNeill, City Administrator .
FROM: Michael Hullander, Public Works Superintendent
DATE: March 6, 2012
SUBJECT: Authorize utilization of Re-purchase Agreements for two 2011 5-185
Bobcats.
INTRODUCTION:
Public Works is requesting council authorize staff to utilize the annual re-purchase
agreement with Lano Equipment, Inc. for the price of $3,985.37 per unit for two new
2012 5-185) Bobcats. Total combined price of $7,970.74.
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 2011 5-185 Melroe Bobcats. The agreements are based on current State
Bid Pricing minus the current market value on a one-year-old used Bobcat. There also is
an additional fee of $8.00 for every hour over 400 hours; to date staff has not been
charged any additional fees. Funding comes from the Internal Service Equipment Fund.
Staff will be utilizing State Contract # 29797.
One new 2012 Bobcat 5-185 Turbo
State Bid Price $29,489.00
Less used 5-185 Bobcat (25,760.00)
Net Trade $3,729.00
6.875% Tax $ 256.37
Total $3,985.37
Grand Total x two $7,970.74
ALTERNATIVES:
1. Authorize staff to utilize the re-purchase agreements with Lano Equipment, Inc.
on unit #154 and #174 2011 5-185 Bobcats for the total price of $7,970.74.
2. Deny the request
3. Table for additional information
RECOMMENDATIONS:
Staff recommends alternative number one.
ACTION REQUESTED:
Move to authorize staff to utilize the re-purchase agreement with Lano Equipment, Inc.
on unit #154 and #174 2011 5-185 Bobcats for the price of $7,970.74 to be expended
from the Internal Service Equipment Fund.
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Michael Hullander
Public Works Superintendent