DATE: January 8, 2015
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Russell Truell, Assistant City Administrator
SUBJECT:
title
Update of Eligible Lease Purchases through Chase Bank
body
Purpose
The purpose of this memo is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning an update to the leased equipment list with Chase Bank for 2015
Background
When the original leased equipment listing for 2015 was approved, an amount of $468,630 (of the total lease of $2,875,000) had not been allocated. This item is to apply the available lease funding as follows:
Fire Vehicles (1 Van & 4 Pickups) $140,000
Additional Infor and Kronos software $328,630
Total $468,630
Financial Impact
Lease payments for the above equipment will be determined and if additional budget is needed, the amounts will be included in 3rd quarter amendments.
Please see the following page for the updated leased equipment list as proposed.
Recommendation
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Staff recommends adding the equipment above to the leased equipment list for 2015.
CITY OF FRANKLIN |
LEASED EQUIPMENT LIST |
FOR FISCAL YEAR 2015 |
DEPARTMENT |
ITEM |
QUANTITY |
UNIT COST |
TOTAL |
Fire |
Ladder 5 |
1 |
$ 800,000 |
$ 800,000 |
Fire |
Station Alerting |
1 |
$ 100,000 |
$ 100,000 |
Fleet |
Lifts, Racking Tire Shelving |
1 |
$ 67,000 |
$ 67,000 |
Parks |
Landscape Truck Enclosed |
1 |
$ 68,000 |
$ 68,000 |
Parks |
Arborist 4x4 |
1 |
$ 31,730 |
$ 31,730 |
Parks |
Toro Grounds Master |
1 |
$ 60,000 |
$ 60,000 |
Parks |
Enclosed Tractor |
1 |
$ 70,000 |
$ 70,000 |
Police |
Patrol Car |
11 |
$ 47,640 |
$ 524,040 |
Police |
Administrative Vehicle |
1 |
$ 35,600 |
$ 35,600 |
Sanitation |
Rear Loader 11yd |
1 |
$ 140,000 |
$ 140,000 |
Sanitation |
Rear Loader 11yd |
1 |
$ 140,000 |
$ 140,000 |
Sanitation |
Transfer Truck Disp |
1 |
$ 115,000 |
$ 115,000 |
Sanitation |
Skid Steer |
1 |
$ 50,000 |
$ 50,000 |
Street Maint |
Rear Mowers |
1 |
$ 35,000 |
$ 35,000 |
Street Maint |
3/4 ton Truck |
1 |
$ 30,000 |
$ 30,000 |
Street Maint |
2 ton Truck |
1 |
$ 48,000 |
$ 48,000 |
Street Maint |
Pickup |
1 |
$ 34,000 |
$ 34,000 |
Street Maint |
Leaf Vacuum |
1 |
$ 28,000 |
$ 28,000 |
Street Traffic |
3/4 ton Truck |
1 |
$ 30,000 |
$ 30,000 |
Fire |
Van |
1 |
$ 30,000 |
$ 30,000 |
Fire |
Pickup |
4 |
$ 27,500 |
$ 110,000 |
IT and HR |
Additional Infor and Kronos |
1 |
$ 328,630 |
$ 328,630 |
|
|
|
Lease Total |
$ 2,875,000 |
|
|
|
|
|
The three (3) highlighted items comprise $468,630, which was previously unallocated in the original list.