TITLE
Consider a memorandum/resolution authorizing a lease agreement for mowing equipment with Deere Credit, Inc. through the Texas Buyboard Cooperative in the amount of $148,566.60.
SUMMARY:
DATE: November 9, 2021
TO: Kent Cagle, City Manager
FROM: Joe Brown, Executive Director of Recreation Services
SUBJECT: Lease agreement for Parks and Public Grounds mowing equipment
BACKGROUND AND FINDINGS:
Recreation Services (RS), Parks Division provides daily maintenance of public parks and greenbelts. Specialized equipment is needed and utilized to maintain 681 acres of grass land spread out among 23 parks and 4 hike and bike trails, 14 sports fields, 6 multi-purpose fields, and 91.25 acres of city facilities. Mowing routines associated with turf grass subject this equipment to excessive usage. RS mowers are utilized 900 hours per year. Due to the high amount of usage placed on these specialized pieces of equipment, they are subject to maintenance issues at a greater frequency than typical mowing equipment.
RS entered into a forty-four (44) month lease with Professional Turf Products, L.P., financed by TCF Capital Solutions for the following equipment on April 27, 2021, for a total amount of $44,135.28:
" One (1) Toro Reelmaster 3100-D - 21.52 hp diesel,
" Two (2) Toro 26.5 HP Kohler CP EFI w/72” Turbo Force Rear Discharge Deck
As of September 14, 2021, RS had not received the equipment from Professional Turf Products, L.P. due to manufacturing delays. Because the equipment had not been delivered after a lengthy delay, the City canceled this lease before the beginning of the term which was to commence on the date the equipment would have been delivered.
RS also entered into a thirty-six (36) month lease with Professional Turf Products, financed by PNC on October 5, 2018 that ended October 5, 2021, for...
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