Items Types:
Business and Financial Services
For Meeting of:
July 28, 2014
District: ALL From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No

Approving the Negotiation of Municipal Lease-Purchase Agreement with Advantage Funding Commercial Capital Corp., for the Lease of One (1) Elgin Pelican Sweeper and Approval of the Attached Resolution, N14-0365-1

The Streets and Stormwater Division, Fleet Management Division and Procurement and Contracts Division are requesting a lease-purchase of one (1) Elgin Pelican Sweeper utilizing pricing under City of Tallahassee Contract #1619 through Environmental Products of Florida, Apopka, FL. 

The current City owned equipment is approximately four years old and at the end of their useful lives. They are continually down for repair, have proven to not be suited for the demanding work of long distances and hours, and are expensive to maintain. Downtime has resulted in lost productivity, increased debris and trash on paved surfaces and more nutrients entering lakes. 

A maintenance agreement (N14-0366-1) will be negotiated separately through Environmental Products of Florida to cover the entire lease period. The equipment performance, durability and maintenance will continually be evaluated so that at the end of the lease term, a decision can be made on the best type of equipment to be utilized in the future.

The lease will be for three years with a buy-out option at the end of the three years.  The total estimated expenditure for the lease-purchase is $176,434.00.  

No City Certified M/WBE suppliers are registered for this commodity.

Fiscal & Efficiency Data:

Recommended Action:
Approve the negotiation of a Lease-Purchase Agreement with Advantage Funding Commercial Capital Corp. and authorize execution of the attached Resolution and all necessary documentation by the Chief Procurement Officer and City Clerk, subject to review and approval of the City Attorney’s Office.

Agenda Item attachment(s) on file in the City Clerks Office.

Note: All agenda items must be in the City Clerk's office by Noon Friday, six(6) business days prior to the regular Monday City Council meeting.

Contact: David Billingsley
Approved By:

Department Date and Time
Budget Outside Routing Approval 7/18/2014 6:45 PM
City Clerk 7/21/2014 8:35 AM

Name: Description: Type:
N14-0365-1_FIS_(EnvironmentalProducts).docx Fiscal Impact Statement, N14-0365-1 Fiscal Impact Statement
Resolution.AdvantageFunding.ElginPelicanSweeper.pdf Resolution N14-0365-1 Resolution Letter
N14-0365-1_Lease_Draft_Environmental.pdf Lease Draft N14-0365-1 Backup Material
Request_Memo_to_David_Billingsley_(revised).pdf Lease-Purchase Request Memo Backup Material

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