SUBJECT
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Ratifying the execution of a contract with John Deere, through United Ag & Turf, Sourcewell Contract # 031121-DAC, for the lease purchase contract of mowing equipment in the amount of $953,602.80 as well as equipment and attachments under Buyboard Contract # 7016-23 in the amount of $203,060.40, for the Max Mandel Golf Course for a total amount of $1,156,663.20. The lease purchase shall be for 60 months, and estimated monthly payments shall be $19,277.72. Funding is available in the Max Mandel Golf Course Fund.
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PREVIOUS COUNCIL ACTION
None
BACKGROUND
There is an equipment deficiency to suitably maintain the course and the current equipment is over ten years old with a life expectancy of 5-7 years. In addition, the maintenance cost for all current equipment is $15,000 monthly on average, all which prompted the need to replace the old equipment and purchase what was fully necessary to maintain the golf course. The mowing equipment will be under Sourcewell Grounds Maintenance Contract # 031121-DAC (PG BT CG 76) in the amount of $953,602.80 which includes the 5.07% interest rate for 60 months and the John Deere Attachments will be under Buyboard Contract #706-23 in the amount of $203,060.40 which includes the 5.77% interest rate for 60 months. The total amount of the lease purchase including interest is $1,156,663.20. Sourcewell Grounds Maintenance Contract # 031121-DAC
Total Sales Price $840,773.45
Monthly Lease Payment $15,893.38
60 Month Lease Payment Total $953,602.80
Buyboard Contract # 706-23
Total Sales Price $176,034.37
Monthly Lease Payment $3,384.34
60 Month Lease Payment Total $203,060.40
Mowers/Equipment
(2) John Deere 2400 PrecisionCut Triplex Mower, (2) John Deere 2400 PrecisionCut Triplex Mower, (2) JOHN DEERE Quick-Adjust 5 - Set, (1)JOHN DEERE 7700A PrecisionCut Fairway Mower, (1) John Deere 7700A PrecisionCut Fairway Mower, (1)John Deere 2653B PrecisionCut Trim and Surrounds Mower, (1) John Deere 8800A TerrainCut, Rou...
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