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10/22/2024 Resolutions 2024-267 RESOLUTION 2024-267 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 by the Streets Division of the Public Works Department; and WHEREAS, Sourcewell Contract No. 101221-VTR was awarded to Vactor Manufacturing and authorized Macqueen of Lincoln,NE to offer said contract pricing to the City of Grand Island,Nebraska; and WHEREAS,the Public Works Department has recommended the purchase of a 2025 Vactor from MacQueen of Lincoln,Nebraska in the amount of$575,726.05 with a trade-in value of $150,000.00 on the current machine, for a net purchase price of$425,726.05; and WHEREAS, such amount will be paid with Capital Equipment Funds; and WHEREAS,the Streets Division of Public Works Department will repay the Capital Equipment Fund by making an advanced a payment of$25,000.00 this fiscal year followed by five (5) annual payments of$83,750.85, at an interest rate of 2.25%. 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 MacQueen of Lincoln,Nebrsaka for a net purchase price of$425,726.05 and the re-payment terms are hereby approved. Adopted by the City Council of the City of Grand Island, Nebraska, October 22, 2024. d it/.'":. e Roger". Steele, Ma,or Attest: J' Gran-ere, City Clerk