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File #: Res 2015-130    Version: 1 Name: RESOLUTION AUTHORIZING CONDITIONAL SALE AGREEMENT FOR PURCHASE OF GOLF CARTS
Type: Resolution Status: Passed
File created: 12/10/2015 In control: City Council
On agenda: 12/21/2015 Final action: 12/21/2015
Title: RESOLUTION AUTHORIZING CONDITIONAL SALE AGREEMENT FOR PURCHASE OF GOLF CARTS
Attachments: 1. Resolution, 2. Agreement, 3. Addendum to Conditional Sale Master Agreement

Title

RESOLUTION AUTHORIZING CONDITIONAL SALE AGREEMENT FOR PURCHASE OF GOLF CARTS

 

Body

Summary and Background Information:  The Buffalo Run golf cart fleet is scheduled for replacement after serving customers for the past six seasons.  Quotes were received from three vendors, per the procurement policy, and Yamaha provided the lowest bid (via Masek Golf Carts as local distributor).  The final full purchase price for the Yamaha fleet is $316,720 before  the trade-in value of the old fleet is deducted.  After trade-in, the final purchase price of the Yamaha fleet over 5 years is $223,863.The sale of the old cart fleet was advertised publically; however, no bids were received.

 

Staff Responsible (Department Head):  Carolyn Keith

Staff Member Presenting:  Paul Hebinck

 

Financial Impact:  $223,863.15 (net after trade in)

Funding Source:  Operating Budget

 

Staff Recommendation:  Authorize Resolution 2015-130

Suggested Motion:  I move to approve Resolution 2015-130