10/22/2024 Resolutions 2024-268 RESOLUTION 2024-268
WHEREAS, Houston-Galveston Area Council (H-GAC), cooperative purchasing
group was utilized to secure competitive bids for a new Asphalt Reclaiming/Trenching Machine by
the Streets Division of the Public Works Department; and
WHEREAS, H-GAC Contract No. SM10-20 was awarded to Asphalt Zipper, Inc.;
and
WHEREAS,the Public Works Department has recommended the purchase of a new
Asphalt Reclaiming/Trenching Machine from Asphalt Zipper, Inc. of Pleasant Grove, Utah in the
amount of $247,130.00 with a trade-in value of $20,000.00 on the current machine, for a net
purchase price of$227,130.00; 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$75,000.00 the fiscal year followed by five
(5) annual payments of$ $31,794.83, 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 Asphalt
Reclaiming/Trenching Machine from Asphalt Zipper,Inc.of Pleasant Grove,Utah for a net purchase
price of$227,130.00 and the repayment terms are hereby approved.
Adopted by the City Council of the City of Grand Island, Nebraska, October 22, 2024.
Roge ;�. Steele, ayor
Attest:
Grp
Ji ranere, City Clerk