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
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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|1313| $ 800,000
$ 800,000
Fire
Station Alerting|1313| $ 100,000
$ 100,000
Fleet
Lifts, Racking Tire Shelving|1313| $ 67,000
$ 67,000
Parks
Landscape Truck Enclosed|1313| $ 68,000
$ 68,000
Parks
Arborist 4x4|1313| $ 31,730
$ 31,730
Parks
Toro Grounds Master|1313| $ 60,000
$ 60,000
Parks
Enclosed Tractor|1313| $ 70,000
$ 70,000
Police
Patrol Car|13 13| $ 47,640
$ 524,040
Police
Administrative Vehicle|1313| $ 35,600
$ 35,600
Sanitation
Rear Loader 11yd|1313| $ 140,000
$ 140,000
Sanitation
Rear Loader 11yd|1313| $ 140,000
$ 140,000
Sanitation
Transfer Truck Disp|1313| $ 115,000
$ 115,000
Sanitation
Skid St...
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