Title
Consider a memorandum/resolution authorizing a lease agreement for seven (7) mowers to maintain Stonetree Golf Club with Deere Credit, Inc. through the Texas Buyboard Cooperative in the amount of $376,513.60.
Summary
DATE: January 4, 2022
TO: Kent Cagle, City Manager
FROM: Joe Brown, Executive Director of Recreation Services
SUBJECT: Stonetree mower lease
BACKGROUND AND FINDINGS:
Stonetree Golf Club (SGC) Agronomy provides daily maintenance for the entire golf course grounds. Specialized equipment is needed and utilized to maintain 100 acres of turf grass. Mowing routines associated with turf grass subject this equipment to excessive usage. SGC mowers are utilized in more than 5,000 hours per year. Due to the high amount of usage placed on these specialized pieces of equipment and the specific precision of industry standards for playable course conditions, they are subject to maintenance issues at a greater frequency than typical mowing equipment.
SGC had an existing lease with Professional Turf Products L.P., financed by TCF Capital Solutions, which started in August 2017 and expired in July 2021. This lease consisted of (2) greens mowers and (2) fairway mowers.
Indigo Golf Partners sought buyboard quotes for the new pending lease and recommended Deere and Company.
SGC is seeking to enter into a new lease with Deere Credit, Inc. for a sixty (60) month lease. The equipment will include one (1) John Deere 2750 PrecisionCut Triplex Mower, two (2) John Deere 2750 E-CUT Hybrid, two (2) John Deere 6700A PrecisionCut Fairway Mower, one (1) John Deere 7400A TerrainCut Trim and Surrounds Mower and one (1) John Deere Z930M Z-Trak. This equipment is utilized to maintain Stonetree Golf Club for a total cost of $376,513.60, amounting to 60 payments of $6,275.21.
Leasing mowing equipment is more beneficial than outright purchasing mowing equipment. Staff will have access to modern, up-to-date equipment that is covered under warranty for the duratio...
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