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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE AN OPEN-END MASTER EQUITY LEASE AGREEMENT AND AMENDMENT THERETO BETWEEN ENTERPRISE FM TRUST, A DELAWARE STATUTORY TRUST, AND THE CITY OF POMPANO BEACH FOR THE LEASE OF 13 VEHICLES TO BE USED TO REPLACE EXISTING CITY FLEET VEHICLES, PURSUANT TO THE TERMS AND CONDITIONS AS PROVIDED FOR IN SOURCEWELL CONTRACT NO. 060618-EFM; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $97,935.12 annually)
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(Staff Contact: Andrew Jean-Pierre/Robert McCaughan)
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Summary Explanation/Background:
The City currently maintains 319 vehicles. Fleet maintenance has a point system that they use to
determine when it is time to replace a vehicle. The City's adopted annual budget for fiscal year 2018-2019 provides for the replacement of forty (40) vehicles. Staff is requesting that thirteen (13) of these vehicles be purchased through Sourcewell Contract #060618EFM "Fleet Management Services" from Enterprise Fleet Management. The vehicles to be purchased range from compact cars to medium-size trucks. Lease payments based on a 60-month term to residual book value and are subject to annual approriation by the City Commission.
Staff will present a separate item for the purchase of the remaining twenty-seven (27) vehicles which are mostly heavy and specialized duty vehicles. Enterprise does not lease these type of vehicles at this time.
Please note this agreement is solely for the acquistion, funding and selling of the 13 vehicles and does not involve maintenance. Our fleet mainitenance division will continue to handle the maintance of the City's vehicle fleet.
Origin of request for this action: Staff
Fiscal impact and source of funding: Subject to annual appropriation. Approximately, $97,935.12 annually. $6,329.75 of this amount will be funded from accounts (488-4910-534.71-80 & 488-4910-534.72-60) for the Ford Explorer assi...
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