File #: ID 2016-767    Version: 1 Name:
Type: Resolution Status: Passed
File created: 12/5/2016 In control: Regular City Commission Meeting
On agenda: 1/18/2017 Final action: 1/18/2017
Title: APPROVING THE LEASE-PURCHASE OF ONE QUINT/LADDER EMERGENCY VEHICLE AND A COMPLEMENT OF EQUIPMENT FROM HALL-MARK FIRE APPARATUS. APPROVAL FOR THE LEASE PURCHASE FINANCING OF TWO EMERGENCY VEHICLES (FORD SUV). LEASE-PURCHASE FINANCING WILL BE THROUGH EXECUTION OF AN AGREEMENT WITH LESSOR SUNTRUST EQUIPMENT FINANCE AND LEASING CORP.
Attachments: 1. RESOLUTION, 2. AGREEMENTS AND BACKGROUND, 3. BACKGROUND-QUOTE, 4. BACKGROUND - APPARATUS PROPOSAL, 5. BACKGROUND - STROBES

 

TO:                     Mayor and City Commission

 

FROM:                     Douglas E. Smith, City Manager

 

DATE:                     January 18, 2017

 

 

Title

APPROVING THE LEASE-PURCHASE OF ONE QUINT/LADDER EMERGENCY VEHICLE AND A COMPLEMENT OF EQUIPMENT FROM HALL-MARK FIRE APPARATUS. APPROVAL FOR THE LEASE PURCHASE FINANCING OF TWO EMERGENCY VEHICLES (FORD SUV). LEASE-PURCHASE FINANCING WILL BE THROUGH EXECUTION OF AN AGREEMENT WITH LESSOR SUNTRUST EQUIPMENT FINANCE AND LEASING CORP.

Body

 

 

BACKGROUND:                     Continuing the implementation of a systematic replacement plan of aging emergency vehicles, immediate fiscal impact is lessened by entering into a lease-purchase agreement. Vehicles/equipment will be acquired through the Florida Sheriff’s Association, Orange County, and Broward Sheriff contracts.

 

 

RECOMMENDATION:                     Approve.

 

 

FISCAL IMPACT:                     1st of 5 annual payments of $ 205,909.40 due 10/01/2017.

 

 

CONTACT PERSON:                     Dan Booker, Fire Chief, 954-971-7010

                     Rick Donahue, Division Chief, 954-971-7010