File #: 24-199    Version: 1 Name:
Type: Informational Report Status: Passed
File created: 2/2/2024 In control: Public Works
On agenda: 2/27/2024 Final action: 2/27/2024
Title: Lease/Purchase of One (1) New Caterpillar Model: AP455 Paver, Authorization to Enter into Lease/Purchase Agreement and Declare Equipment Surplus
Attachments: 1. Staff Report, 2. Caterpillar Financial Services Corporation Financial Proposal.pdf, 3. Exhibit 2 Concluding Payment Schedule to Government Agreement.pdf, 4. Caterpillar Sourcewell Contract 060122.pdf

To: Board of Supervisors

From: Public Works

Agenda Section: Consent

Vote Requirement: Majority

SUBJECT:
title
Lease/Purchase of One (1) New Caterpillar Model: AP455 Paver, Authorization to Enter into Lease/Purchase Agreement and Declare Equipment Surplus
end

RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Authorize the lease/purchase of one (1) AP455 Asphalt Paver;
2. Authorize the Purchasing Agent to enter into a lease/purchase agreement with Caterpillar; and
3. Declare one (1) 2000 Leeboy Paver, Equipment number 95105 as surplus equipment.

Body
SOURCE OF FUNDING:
Heavy Equipment ISF (3540330)

DISCUSSION:
Humboldt County Public Works, Heavy Equipment Division is requesting authorization to enter into a lease/purchase agreement for one (1) Caterpillar AP455 Asphalt Paver. The paver will replace one (1) existing 2000 Leeboy Paver that is in need of extensive, cost prohibitive, repairs and no is longer California Air Resources Board (CARB) compliant. Should the Board choose to declare the 2000 Leeboy Paver number 95105, as surplus, it will be sold in auction.

The Public Works Heavy Equipment Division received one (1) quote for the Caterpillar AP455 Paver from Peterson CAT, a member of Sourcewell, formally the National Joint Powers Alliance. Public Works intends to lease/purchase this piece of equipment under the Caterpillar Inc. cooperative purchase agreement.

FINANCIAL IMPACT:
Expenditures (Fund, Budget Unit)
FY22-23
FY23-24 Projected
FY24-25 Projected
Budgeted Expenses
$44,607
$107,058
$107,058
Total Expenditures
$44,607
$107,058
$107,058
Funding Sources (Fund, Budget Unit)
FY22-23 Adopted
FY23-24 Projected*
FY24-25 Projected*
Fees/Other
$44,607
$107,058
$107,058
Total Funding Sources
$44,607
$107,058
$107,058
*Projected amounts are estimates and are subject to change.

Narrative Explanation of Financial Impact:
The projected monthly payment for the equipment is $8,921.54. The maximum cost for the remainder of...

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