HomeMy WebLinkAbout2018-04-16-H02 Golf Course Equipment Lease Purchase_PHAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: April 16, 2018
AGENDA ITEM:On a General Obligation Lease Purchase Agreement in the amount of not
to exceed $35,000 for the acquisition of golf course equipment
FORMAT:Public Hearing
SYNOPSIS INCLUDING PRO & CON: The lease of this greens mower for $5,552.50 per
year for five years is essential to the operations of the golf course. By
leasing the greens mower, the maintenance costs per year will decrease
due to being under warranty. The golf course currently has a
replacement program that leases the top three primary pieces of
equipment (Greens mower, fairway mower, rough mower). Staff feels
that by leasing the three most expensive pieces of equipment, the budget
is much more predictable than having to purchase new. Staff feels that
this strategy will allow for positive results in the budget every year rather
than every couple of years. This is a practice that is becoming very
popular within the golf industry. The expense of this mower will be paid
for by the revenue of the course and was included in the FY2019 Budget
process.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS:
COMMISSION/BOARD/COMMITTEE COMMENT:
STAFF REVIEW AND COMMENT:
RECOMMENDATION: Hold Public Hearing.
ATTACHMENTS: I. Notice of Hearing and Letting
PREPARED BY: Matt Jermier
REVIEWED BY:
PUBLIC NOTICE INFORMATION –
NAME OF PUBLICATION: Des Moines Register
DATE OF PUBLICATION: 04/03/2018
H2
To be published on or before April 3, 2018
NOTICE OF MEETING OF THE CITY COUNCIL OF THE
CITY OF WAUKEE, STATE OF IOWA, ON THE
PROPOSITION TO AUTHORIZE NOT TO EXCEED $35,000
GENERAL OBLIGATION LEASE PURCHASE AGREEMENT
FOR GOLF COURSE EQUIPMENT PAYABLE FROM THE
DEBT SERVICE LEVY
PUBLIC NOTICE is hereby given that the Council of the City of Waukee, State of Iowa,
will hold a public hearing on the 16th day of April, 2018, at 5:30 P.M., in the Council Chambers,
Waukee City Hall, 230 W. Hickman Road, Waukee, Iowa, at which meeting the City Council
proposes to take additional action for the authorization of a lease purchase agreement in the
principal amount of not to exceed $35,000 to provide for the acquisition of equipment for the
City's golf course enterprise. The lease shall be secured by the debt service levy of the City.
At any time before the date of the meeting, a petition, asking that the question of entering
into such lease be submitted to the legal voters of the City, may be filed with the Clerk of the
City, including the drop box at City Hall during non-business hours, in the manner provided by
Section 362.4 of the Code of Iowa.
Also, at the above meeting the City Council shall receive oral or written objections from
any resident or property owner of the City to the above action. After all objections have been
received and considered, the Council will at this meeting or at any adjournment thereof, take
additional action for the authorization of the lease agreement or abandon the proposal.
This Notice is given by order of the Council of the City of Waukee, State of Iowa, as
provided by Sections 364.4 of the Code of Iowa, as amended.
Dated this 2nd day of April, 2018.
Rebecca D. Schuett
City Clerk of the City of Waukee, State of
Iowa
(End of Notice)