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Meeting Date:	01/09/2017
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 Holt Texas LTD. for One (1) Caterpillar motor grader, at a monthly rental rate of TWO THOUSAND TWO HUNDRED SIXTY-FOUR DOLLARS AND .02/100 CENTS ($2,264.02) sum not to exceed EIGHTY-ONE THOUSAND FIVE HUNDRED FOUR DOLLARS AND .72/100 CENTS ($81,504.72) with an initial rental payment of TWO THOUSAND TWO HUNDRED SIXTY-FOUR DOLLARS AND .02/100 CENTS ($2,264.02) paid in arrears due upon approval and execution of the lease agreement, subject to annual budget appropriating and authorizing the County Judge to execute any and all relevant documents and any and all matters incident thereto and applicable to record the required budget adjustments for the debt service and road and bridge fund. [Requested by Jose Luis Rodriguez, Road and Bridge Department Superintendent, Account #010 Road and Bridge and Fund 600 Debt Service Fund]

Issue: There is a need for additional motor grader.

Solution: Approval of new lease is required.

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

Background:

N/A

Previous Court Action:

Fiscal Impact

Budget Account Number:	N/A
Funding Source:	N/A
Balance:	N/A
Financial Impact:
Account No. 010 Road and Bridge and Fund 600 Debt Service Fund

Attachments
Holt Lease Purchase Agreement-Road and Bridge