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Meeting Date:	06/08/2020
Leased Units for Economic Development-Self Help
Submitted for:	Joe Lopez	Submitted By:	Erika Hernandez
Department:	Purchasing

Subject:

Discussion and possible action to approve a lease agreement between Webb County and Enterprise Fleet Management (TIPS #2072816) for a 48-month term at an annual cost of $42,805.68 for five (5) vehicles to be assigned to the Economic Development Department and Community Action Agency – Self Help Center and in accordance with the Texas Local Government Code; Subchapter F. Cooperative Purchasing Program; Sections 271.101 & 271.102 and authorizing the County Judge to sign all relevant documents; and any other matters incident thereto. [Account #1001-1130-001-469001-005 (Operating Lease Principle)]

Vehicle Type	Term	Qty.	Lease Mo. Pymt.	PM Mo. Pymt.	Total Mo. Cost	Annual Cost
2020 Ford Expedition Max	48	1	954.95	39.43	994.38	11,932.56
2020 Ford Expedition XL	48	1	703.53	39.77	743.30	8,919.60
2020 Ford Transit-350 Van	48	1	715.03	43.05	758.08	9,096.96
2020 Ford Ranger XL	48	1	480.68	36.65	517.33	6,207.96
2020 Ford F150 XL	48	1	515.92	38.13	554.05	6,648.60

Issue: The Economic Development Department and Self Help Center is in need of five (5) leased vehicles. On May 26, 2020, Commissioners Court authorized the Purchasing Agent to secure pricing for the requested units.

Solution: Approve the 48 month lease term and authorize the Purchasing Agent to order as per motion approved by Commissioners Court.

Result: Upon arrival on new leased units, department(s) will turn over older county owned units to the Purchasing Agent for future sale of public property. All units are over 10 years old.

Background:

N/A

Previous Court Action:

Approval to securing lease pricing for five (5) units on May 26, 2020, item 17.

Fiscal Impact

Budget Account Number:	1001-1130-001-469001
Funding Source:	Operating Lease Acct
Balance:	$612,362.00
Financial Impact:
1001-1130-001-469001-005 Operating Lease Principle Balance: $612,362.00