Commissioners Court Meeting

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Meeting Date:	04/12/2021
Purchase of John Deere Motorgrader
Submitted for:	Joe Lopez	Submitted By:	Joe Lopez
Department:	Purchasing

Subject:

Discussion and possible action to authorize the Purchasing Agent to exercise the Purchase Option Price for a 2017 John Deere 622GXT Motorgrader (VIN#1DW622GXHHF682907) in an amount not to exceed $180,818.00 in accordance with Master Lease Agreement No. 0064225 and Lease Schedule No. 030-0064225-001 between Webb County and John Deere Financial (DBA Deere Credit, Inc.) and any other matters incident thereto. [Account #2007-7150-001-470000 (Road & Bridge Fund Road Maintenance General Administration – Capital Outlay)]

Issue: The end lease term date for the JD motorgrader will expire on April 20, 2021. Lease agreement provides an option to purchase equipment at end of lease term. The road and bridge director recommends purchasing the unit for continued use for his operation.

Solution: Use available funding under capital outlay account within the road and bridge fund.

Result: Lease unit will be purchased if item is approved by Commissioners Court. All rights and title will be transferred to Webb County.

Background:

N/A

Previous Court Action:

Approval of a 36 month lease agreement with option to purchase.

Fiscal Impact

Budget Account Number:	2007-7150-001-470000
Funding Source:	Capital Outlay
Balance:	$308,268.49
Financial Impact:
Account No. 2007-7150-001-470000 (Road & Bridge Fund-Road Maint.General Administrative-Capital Outlay) Available Balance: $308,268.49

Attachments
Motorgrader Lease Agreement