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Meeting Date:	07/13/2020
Golf Course Lease Agreement-Textron-PNC
Submitted for:	Joe Lopez	Submitted By:	Erika Hernandez
Department:	Purchasing

Subject:

Discussion and possible action to clarify the forty-eight (48) month equipment lease agreement approved on May 11, 2020, Agenda item #14e with Textron for award of RFP 2020-006 ‘Casa Blanca Golf Course Equipment Lease’ for three (3) LD Trucksters (Haulers) for the Webb County Golf Course operation. Textron is financing the equipment to Webb County through PNC Equipment Finance for a monthly cost of $549.82 and an annual cost of $6,597.84 throughout the term of the lease agreement and to approve the equipment lease agreement as presented and any other matters incident thereto. [Account #7100-9050-001-483003-280 (Golf Course Capital Leases); Account #7100-9050-001-483037-280 (Golf Course Debt Service Payments)]

Issue: The golf course has insufficient hauler units to perform maintenance functions.

Solution: Acquire three (3) hauler units.

Result: Improved delivery of maintenance protocols on the golf course property resulting in improved overall conditions.

Background:

N/A

Previous Court Action:

05/11/2020, approval of a 48 month term equipment lease agreement with Textron

Fiscal Impact

Budget Account Number:	7100-9050-001-483003
Funding Source:	Capital Leases
Balance:	$50,000.00
Financial Impact:
7100-9050-001-483003-280 Golf Course Capital Leases Balance: $50,000.00 7100-9050-001-483037-280 Golf Course Debt Service Payments Balance: $8,000.00

Attachments
Textron PNC Credit Application
PNC Finance for Textron