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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 A PIGGYBACK AGREEMENT BETWEEN THE CITY OF POMPANO BEACH AND ALTEC INDUSTRIES, INC.TO PURCHASE A HYDRAULIC TELESCOPIC CRANE TRUCK (BOOM TRUCK) IN THE AMOUNT OF $320,255.00; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $320,255.00 - Water and Wastewater Revenue Bond, Series 2024 Proceeds)
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(Staff Contact: Nathaniel Watson)
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Summary Explanation/Background:
The City is currently negotiating the purchase of a new, but previously pre-ordered 2023 truck that was not taken at delivery by a previous customer. The initial budget for this item was $422,000, but the City now has the opportunity to get the truck at an actual cost of $320,255, resulting in a savings of $101,745. Upon contract approval, the City can proceed with the purchase. The vendor has noted increasing demand for the truck due to market conditions.
Origin of request for this action: Utilities
Fiscal impact and source of funding: # 412-3510-535-64-05 (Water and Wastewater Revenue Bond, Series 2024)
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