HomeMy WebLinkAboutR-2017-053 2017 Bobcat S650 Skid Steer Loader RESOLUTION NO. R-2017-053
A RESOLUTION AUTHORIZING AND APPROVING A SALES AGREEMENT, MASTER
LEASE AND LEASE SCHEDULE WITH THE BOBCAT COMPANY FOR THE PURPOSE OF
FINANCING A 2017 BOBCAT S650 SKID STEER LOADER IN AN AMOUNT NOT TO
EXCEED $7500
WHEREAS, the City has a need to acquire skid steer loader for its Public Works
Department operations and use of such equipment is essential to the City's proper, efficient and
economic operation; and
WHEREAS, a skid steer loader is available for purchase from the Bobcat Company off the
Mid America Regional Council Cooperative Purchasing program; and
WHEREAS,the City desires to purchase said 2017 Bobcat S650 skid steer loader through
a lease purchase agreement from the Bobcat Company according to the terms and conditions set
forth in the Sales Agreement, Master Lease and Lease Schedule; and
WHEREAS, funds for such purpose are available in the Fiscal Year 2017-2018 Budget in
an amount not to exceed $7500; and
WHEREAS,the Board of Aldermen find it is in the best interest of the City to enter into the
Sales Agreement, Master Lease and Lease Schedule with the Bobcat Company to approve such
lease;
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE
CITY OF RIVERSIDE, MISSOURI, AS FOLLOWS:
THAT a lease of a 2017 Bobcat S650 Skid Steer Loader as set forth in the Sales
Agreement, Master Lease and Lease Schedule is hereby authorized and approved, in an
amount not to exceed $7500;
FURTHER THAT execution and delivery of the Sales Agreement, Master Lease and
Lease Schedule by and between the City of Riverside and the Bobcat Company by the Mayor or
City Administrator is hereby authorized, approved and ratified with such changes, modifications,
additions or deletions therein as shall be deemed necessary, desirable or appropriate by the
Mayor or City administrator prior to execution thereof;
FURTHER THAT the Mayor, City Administrator and Finance Director are hereby
authorized to execute all other documents and agreements necessary or incidental to carry out
the terms and conditions of such agreements and the City Clerk is authorized to attest thereto.
PASSED AND ADOPTED by the Board of Aldermen and APPROVED by the Mayor of
the City of Riverside, Missouri, the_4L2L day of J 12017 0
f i •y t, GZx��(�
• at een L. Rose, Mayor
AATTE6T:
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+Robio)(incaW; City Clerk
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CITY OF
RIVERS
MISSOURI
Upstream from ordinary.
2950 NW Vivion Road
Riverside, Missouri 64150
AGENDA DATE: 07-11-2017
TO: Mayor and Board of Aldermen
FROM: Tom Wooddell, Public Works Director
RE: Lease approval of 2017 Bobcat S650 Skid Steer Loader
BACKGROUND: Funding to lease a 2017 Bobcat S650 skid steer loader was included in the 2017-
2018 budget. The Bobcat S650 skid steer loader will be leased from the Bobcat Company.
BUDGETARY IMPACT: The adopted 2017-2018 fiscal budget included $7500.00 for the one year
lease of the Bobcat S650 Skid Steer Loader. The total lease cost of the Bobcat skid steer loader is
$7500.00