| | | | | | | | AGENDA MEMORANDUM
Village of Ruidoso Consent Regular Item - 19. |
| | | | | | | | To:
| Mayor Crawford and Councilors
| Presenter(s):
| Randy Koehn, Water Production Manager
| Meeting Date:
| June 13, 2023
| Re:
| Approval of Rental/Purchase Agreement with Wagner Equipment for Lease of 420 Caterpillar Backhoe Loader, in the amount of $149,900.00 ($3067.45 Per Month for 60 Months), Including Gross Receipts Tax.
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| | | | | | | | Item Summary:
Approval of Rental/Purchase Agreement with Wagner Equipment for Lease of 420 Caterpillar Backhoe Loader, in the amount of $149,900.00 ($3067.45 Per Month for 60 Months), Including Gross Receipts Tax. |
| | | | | | | | Financial Impact:
Funds are budgeted in the RJU Enterprise Fund's Lease line item (502-210-55001) in the amount of $35,550.00. |
| | | | | | | | Item Discussion:
To replace current backhoe that was leased by the Water Production Department for 48 months with a new 420 Caterpillar Backhoe Loader with a 60-month lease. The old backhoe will be returned to Wagner Equipment.
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| | | | | | | | Recommendations:
To Approve Rental/Purchase Agreement with Wagner Equipment for Lease of 420 Caterpillar Backhoe Loader, in the amount of $149,900.00 ($3067.45 Per Month for 60 Months), Including Gross Receipts Tax. |
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