HomeMy WebLinkAboutM1988-0003 - 01/05/1988Motions - 1/5/88
2. Approving award of contracts for lease of the following equipment from Holt
Company of Texas based on low bid. The term of the lease is for five
years, with an option to purchase, subject to the approval of the City
Manager or his designee.
DESCRIPTION QTY. UNIT LEASE PRICE FIVE YEAR TOTAL
Crawler Tractor 2 ea. $ 287,160 $ 574,320
Purchase Option 62,388 124,776
Scraper 1 ea. $ 274,728
Purchase Option 72,435
GRAND TOTAL $1,046,259
The grand total includes the purchase option prices. The City is not
obligated to purchase the equipment at the end of the lease period.
M88-0003