11/24/2020 Resolutions 2020-314RESOLUTION 2020-314
WHEREAS, Sourcewell, formerly known as the National Joint Powers Alliance,
cooperative purchasing group was utilized to secure competitive bids for a new Street Sweeper and a
new Front-End Loader Mounted Snow Heaver 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. 030619-WAS was awarded to Wasau
Equipment Company, Inc. and authorized Nebraska Environmental Products to offer said contract
pricing to the City of Grand Island, Nebraska; and
WHEREAS, Sourcewell Contract No. 011620-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 $387,176.20; and
WHEREAS, such amount will be financed by National Cooperative Leasing of
Alexandria, MN through a capital lease purchase agreement and payments will be processed through
Santander Bank, N.A. ; and
WHEREAS, a documentation fee of $250.00 will be paid; and
WHEREAS, a down payment of $120,000.00 will be paid in advance followed by
five (5) annual payments of $59,087.97 and a pay-off amount of $1.00 ; and
WHEREAS, the total repayment amount for the lease purchase will be $415,439.90.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the purchase of a new Street Sweeper and a
new Front-End Loader Mounted Snow Heaver from Nebraska Environmental Products of Lincoln,
NE for a net purchase price of $387,176.20 is hereby approved.
BE IT FURTHER RESOLVED, that the Mayor or their designee is hereby authorized
and directed to execute such lease purchase agreement on behalf of the City of Grand Island and .
Adopted by the City Council of the City of Grand Island, Nebraska, November 24, 2020.
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Rog G. Steele, Mayor
Attest:
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RaNae Edwards, City Clerk
Approved as to Form II
November 18, 2020 � City Attomey