AGENDA CAPTION:
Title
Consider approval of Resolution 2021-120R, approving an addendum to the Master Lease-Purchase Financing Agreement with Santander, Inc. that adds three mowers for use by the Parks and Recreation Department to be financed under the agreement in the amount of $143,178.50, inclusive of interest, for a five-year term; authorizing the City Manager or his designee to execute all appropriate documents associated with this transaction; and declaring effective date.
Body
Meeting date: July 6, 2021
Department: Parks and Recreation Department, Drew Wells, Director (by Lynda Williams, Purchasing Manager)
Amount & Source of Funding
Funds Required: $28,592.31 annual amount with first payment in FY21
Account Number: 10001280-52112
Funds Available: $28,092.55
Account Name: Vehicle/Equipment Finance Payments
Fiscal Note:
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City Council Strategic Initiative: [Please select from the dropdown menu below]
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? Parks, Public Spaces & Facilities - Well maintained public facilities that meet needs of our community
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Background Information:
Under separate City Council Agenda Item on this date July 6, 2021 are the procurement of the following equipment to be purchased and financed by the Parks and Recreation Department: John Deere 7700A Fairway Mower from Deere & Company via authorized dealer, Austin Turf & Tractor, Inc. and two (2) Ventrac MK960 Wide Area Mowers from Austin Turf &Tractor, Inc. through B...
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