SUBJECT
title
Consideration to authorize the purchase of one 2026 336-AKPI Excavator from Holt Caterpillar, Laredo, TX, in the amount of $392,942.25. The purchase of this equipment will be made utilizing the BuyBoard Cooperative Pricing Program Contract # 788-25. Funding is available in the Waterworks Fund - 2024 Water Revenue Bond.
body
VIVA LAREDO PLAN ALIGNMENT
Alignment Rating: N/A
Supporting goal(s)/policy(ies): N/A
Summary of alignment:
PREVIOUS COUNCIL ACTION
Authorized participation in the BuyBoard Cooperative Contract Pricing Program.
BACKGROUND
Authorization is requested to purchase one 2026 336-AKPI Excavator for the Utilities Department utilizing the BuyBoard Contract Pricing Program. Delivery is expected within ninety to one hundred and twenty (90-120) days after receipt of order.
Holt Caterpillar
BuyBoard Contract 788-25
Expiration: 11/30/2028
Description Qty. Unit Price Ext. Price
2026 336-AKPI Excavator 1 $392,942.25 $392,942.25
Extended Warranty 1 $ 0.00 $ 0.00
Total $392,942.25
COMMITTEE RECOMMENDATION
None.
STAFF RECOMMENDATION
recommendation
It is recommended that this contract be approved.
end
Fiscal Impact
Fiscal Year: 2026
Budgeted Y/N?: YES
Source of Funds: 2024 Water Revenue Bond
Account #: 557-9884-535-9001 WP18EQ
Change Order: Exceeds 25% Y/N: No
FINANCIAL IMPACT:
The purpose of this contract is to establish prices for the commodities or services needed, should the City need to purchase these commodities or services. The City's obligation for performance of an annual supply contract beyond the current fiscal year is contingent upon the availability of appropriated funds from which payments for the contract purchases can be made. If no funds are appropriated and budgeted during the next fiscal year, this contract becomes null and void.