Commissioners Court Meeting

Issue viewing agenda items? Click here to switch to the old format.

Return to the Search Page Return to the Agenda

Meeting Date:	06/27/2016
Holt Lease-Purchase Agreement Road and Bridge
Submitted for:	Erika Bueno	Submitted By:	Erika Bueno
Department:	County Attorney

Subject:

Discussion and possible action to authorize Webb County to enter into a Thirty-Six (36) month heavy equipment lease-purchase agreement with Caterpillar Financial Services Corporation for Three (3) Caterpillar backhoe loaders and Two Caterpillar (2) motor graders, at a monthly rental rate of $9,246.31, in a total sum not to exceed $332,867.16, with an initial rental payment of $9,246.31 as a security deposit due upon approval and execution of the lease agreement, subject to annual budget appropriation, and authorizing the County Judge to execute any and all relevant documents; and any other matters incident thereto, and applicable to record the required budget adjustments for the debt service and road bridge fund. [Requested by Jose Luis Rodriguez, Road and Bridge Superintendent, Account #010 Road and Bridge and Fund #600 Debt Service Fund]

Issue: The previous 36 month lease signed on 04/24/13 has expired.

Solution: Approval of new lease is required.

Result: Webb County Road and Bridge Department will be able to accomplish its objectives.

Background:

N/A

Previous Court Action:

Fiscal Impact

Budget Account Number:	010-600
Funding Source:	010-600
Balance:	N/A
Financial Impact:
N/A

Attachments
Holt Lease-Purchase Agreement Road & Bridge