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11/25/2014 Resolutions 2014-354 RESOLUTION 2014-354 WHEREAS,the City of Grand Island invited sealed bids for One(1)Compact Track Loader for the Streets Division of the Public Works Department; according to specifications on file with the Public Works Department; and WHEREAS, on November 13, 2014 bids were received and opened; and WHEREAS, Central Nebraska Bobcat of Grand Island, Nebraska submitted a bid in accordance with the teuuis of the advertisement of bids and specifications and all other statutory requirements contained therein, such bid being in the amount of$47,498.03 with a trade-in value of$38,998.03 for a net price of$8,500; and WHEREAS, Central Nebraska Bobcat of Grand Island, Nebraska also submitted a proposal for a Buy Back/Re-Purchase program for the compact track loader; and WHEREAS, Central Nebraska Bobcat's bid and buy back/re-purchase program proposal are fair and reasonable for such item. NOW,THEREFORE,BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND,NEBRASKA,that a purchase order and subsequent payment is authorized for the compact track loader purchase from Central Nebraska Bobcat of Grand Island, Nebraska and future participation in the Track Loader Buy Back/Re-Purchase program is hereby approved. Adopted by the City Council of the City of Grand Island,Nebraska, November 25, 2014. V:vrice•, Mayor Attest: Po„Thp_,z_a)f,,ocum,a, RaNae Edwards, City Clerk Approved as to Form 0 Aiti November 24,20142 a CI Forney