11/20/2018 Resolutions 2018-346RESOLUTION 2018-346
WHEREAS, Sourcewell, formerly known as the National Joint Powers Alliance,
cooperative purchasing group was utilized to secure competitive bids for a New Combination Sewer
Cleaner Truck and Capital Lease Purchase financing by the Streets Division of the Public Works
Department; and
WHEREAS, Sourcewell Contract No. 122017-FSC was awarded to Federal Signal
Corporation and authorized Nebraska Environmental Products to offer said contract pricing to the
City of Grand Island, Nebraska; and
WHEREAS, Sourcewell Contract No. 032615-NCL was awarded to National
Cooperative Leasing; and
WHEREAS, the new equipment options and trade-in terms were negotiated with
Nebraska Environmental Products for a net purchase price of $299,556.55; and
WHEREAS, such amount will be financed by National Cooperative Leasing of
Alexandria, MN through a capital lease purchase agreement; and
WHEREAS, a payment of $10,000.00 will be paid in advance followed by five (5)
annual payments of $66,440.18 and a pay-off amount of $1.00 ; and
WHEREAS, the total repayment amount will be $342,201.90.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the purchase of a new Combination Sewer
Cleaner Truck from Nebraska Environmental Products of Lincoln, NE for a net purchase price of
$299,556.55 is hereby approved.
BE IT FURTHER RESOLVED, that the City Finance Director is hereby authorized
and directed to execute such lease purchase agreement with National Cooperative Leasing of
Alexandria, MN on behalf of the City of Grand Island.
Adopted by the City Council of the City of Grand Island, Nebraska, November 20, 2018.
Jerem . Jens , ayor
Attest:
�
�--
Aaron Schmid, City Clerk Pro Tem
Approved as to Form tt
November 19, 2018 tt orney