HomeMy WebLinkAboutAuthorize Lease Agreement for Grader_8
Commission Memorandum
REPORT TO: Honorable Mayor and City Commission
FROM: John Van Delinder- Street Superintendent
Craig Woolard- Director of Public Works
Chris Kukulski- City Manager
SUBJECT: Authorize City Manager to sign a Lease/Purchase Agreement with Caterpillar
Financial for New Motor Grader.
MEETING DATE: June 2, 2014
AGENDA ITEM TYPE: Consent
RECOMMENDATION: That the Commission Authorize the City Manager to enter into a yearly lease/purchase agreement for a 5 year period for $17,649.14 per year with Caterpillar
Financial for New Motor Grader.
BACKGROUND: This is a scheduled replacement of our 1981 motor grader used to plow
residential streets in the winter and grade gravel streets in the summer.
UNRESOLVED ISSUES: None
ALTERNATIVES: None
FISCAL EFFECTS: This will be a yearly payment for 5 years. At the end of that time we can
re-lease, finance, purchase or give the motor grader back to Caterpillar. The funds for this lease
are in our 5 year capital plan.
Attachments: Lease/Purchase Agreement and Notice of Award.
Report compiled on: April 28, 2014
NOTICE OF AWARD
Dated: June 2, 2014
TO: Caterpillar Tractor and Equipment
ADDRESS: 4001 Riverdrive North, Great Falls, MT 59405
CONTRACT FOR: Lease for One Motor Grader
You are notified that your Bid opened on March 25, 2014, for the above Contract has been
considered. You are the apparent Successful Bidder and have been awarded a Contract for the:
Lease for 2014 or Newer Motor Grader. The Contract Price of your Contract is: Seventeen
thousand, six hundred forty nine and fourteen cents ($17,649.14) per year for 5 years.
Two (2) copies of each of the proposed Contract Documents have been signed and One copy
accompanies this Notice of Award for your records.
CITY OF BOZEMAN, MONTANA
BY: __________________________________
Chris Kukulski, City Manager
BY: ___________________________________
Stacy Ulmen, CMC, City Clerk
DATE: _______________________________
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