Loading...
HomeMy WebLinkAbout2021-02-16-G04 GO Lease-Purchase for Golf Course Rough Mower_PHAGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: February 16, 2021 AGENDA ITEM:On a General Obligation Lease Purchase Agreement in the amount of not to exceed $50,000 for the acquisition of golf course equipment FORMAT:Public Hearing SYNOPSIS INCLUDING PRO & CON: The lease of this mower for $8,083.44 per year for five years is essential to the operations of the golf course. By leasing the rough mower, the maintenance costs per year will decrease due to being under warranty. The City currently leases the greens mower and fairway mower. Staff believes that by leasing the three most expensive pieces of equipment, the budget has been much more predictable than to purchase new. The cost to replace each of these pieces of equipment is on average $50,000 -$60,000. Staff believes that this strategy has been successful and has allowed 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 FY2022 Budget process. First payment will not be made until August of 2021. 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: 02/02/2021 G4 To be published on or before February 2, 2021 NOTICE OF MEETING OF THE CITY COUNCIL OF THE CITY OF WAUKEE, STATE OF IOWA, ON THE PROPOSITION TO AUTHORIZE NOT TO EXCEED $50,000 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 February, 2021, 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 $50,000 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 1st day of February, 2021. Rebecca D. Schuett City Clerk of the City of Waukee, State of Iowa (End of Notice)