HomeMy WebLinkAbout2018-04-02-J01M Golf Course Greens Mower GO Lease Purchase_Set PHAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: April 2, 2018
AGENDA ITEM:Consideration of approval of a resolution setting time and date of hearing on
the authorization of a General Obligation Lease Purchase Agreement in the
amount of not to exceed $35,000 for the acquisition of golf course equipment
FORMAT:Consent Agenda
SYNOPSIS INCLUDING PRO & CON: The lease of this 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 City currently leases the fairway mower and rough mower.
Staff believes that by leasing the three most expensive pieces of equipment,
the budget is much more predictable than to purchase new. The cost to
replace each of these pieces of equipment is on average $59,000. Staff
believes 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:$5,552.50 per year for 5
years. Total: $27,762.50.
COMMISSION/BOARD/COMMITTEE COMMENT:
STAFF REVIEW AND COMMENT:
RECOMMENDATION: Approve the resolution.
ATTACHMENTS: I. Proposed Resolution
PREPARED BY: Matt Jermier
REVIEWED BY:
PUBLIC NOTICE INFORMATION –
NAME OF PUBLICATION:
DATE OF PUBLICATION:
J1M
RESOLUTION NO. __________
RESOLUTION SETTING TIME AND DATE OF HEARING ON
THE AUTHORIZATION OF A LEASE PURCHASE
AGREEMENT IN THE AMOUNT OF NOT TO EXCEED
$35,000 FOR THE ACQUISITION OF GOLF COURSE
EQUIPMENT
WHEREAS, it is deemed necessary and advisable that the City of Waukee, State of Iowa,
should provide for the authorization and issuance of a Lease Purchase Agreement to the amount
of not to exceed $35,000, for the purpose of acquiring equipment for the City's golf course
enterprise, as authorized by Section 364.4 of the Code of Iowa; and
WHEREAS, the Lease Purchase Agreement shall be payable from the Debt Service
Fund; and
WHEREAS, the proposed equipment acquisition constitutes a general corporate purpose
of the City for general obligation financing. The City has a population of more than 5,000, but
not more than 75,000, and the amount of the lease for this purpose does not exceed $700,000;
and
WHEREAS, before the Lease Purchase Agreement may be authorized, it is necessary to
comply with the provisions of the Code of Iowa, as amended, and to publish a notice of the
proposal and the right to petition for an election.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WAUKEE, STATE OF IOWA:
Section 1. That the City Council, at a meeting to be held commencing at 5:30 P.M. on
April 16, 2018, in Council Chambers, Waukee City Hall, 230 W. Hickman Road,Waukee, Iowa,
will hold a hearing for the purpose of taking action on the matter of the authorization of a
General Obligation Lease-Purchase Agreement for a general corporate purpose of the City, the
proceeds of which will be used to acquire equipment for the City golf course enterprise.
Section 2. The City Clerk is hereby directed to cause at least one publication to be made
of a notice of the meeting, in a legal newspaper, printed wholly in the English language,
published at least once weekly, and having general circulation in the City. The publication to be
not less than ten nor more than twenty days before the date of public meeting on the proposal to
enter into the Lease Purchase Agreement, and to be substantially in the following form:
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)
Section 3. This resolution shall become effective upon its passage and approval as
provided by law.
PASSED AND APPROVED by the City Council this 2nd day of April, 2018.
Mayor
ATTEST:
City Clerk