04/09/2013 Resolutions 2013-99 RESOLUTION 2013-99
WHEREAS, the City of Grand Island invited sealed bids for one (1) new asphalt
reclaiming/trenching machine for the Streets Division of the Public Works Department, according to
specifications on file with the Public Works Department; and
WHEREAS, on March 26, 2013 bids were received, opened and reviewed; and
WHEREAS,Asphalt Zipper,Inc.of American Fork,Utah submitted a capital lease purchase
bid in accordance with the terms of the advertisement of bids and specifications and all other statutory
requirements contained therein, such bid being in the total amount of$103,490.00; and
WHEREAS, such amount will be financed by Capital Innovations of Warminster,
Pennsylvania; and
WHEREAS, the first annual payment of$23,000.00 will be paid in advance; and
WHEREAS,the remaining four annual payments will be in the amount of$22,414.65;and
WHEREAS,the total repayment amount will be$112,658.60 for such piece of equipment;
and
WHEREAS, the capital lease purchase bid from Asphalt Zipper, Inc. of American Fork,
Utah is considered fair and reasonable for such item.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE
CITY OF GRAND ISLAND,NEBRASKA, that the capital lease purchase bid of Aspahlt Zipper, Inc. of
American Fork, Utah in the total amount of$103,490.00 for one (1) new asphalt reclaiming/trenching
machine is hereby approved as the lowest responsive and responsible bid.
BE IT FURTHER RESOLVED, that the Mayor is hereby authorized to sign the lease
agreement for the City of Grand Island.
Adopted by the City Council of the City of Grand Island, Nebraska, April 9, 2013.
f * _
may- ;ay ce , Mayor
Attest:
M._O ' 7 AL
RaNae Edwards, City Clerk
Approved as to Form p ► '-
April 8,2013 a City .rney