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HomeMy WebLinkAbout2016-02-08 16-081 ORDERCOUNCIL ACTION Item No. 16-081 Date: February 8, 2016 Item/Subject: ORDER, Authorizing Bid Award for the Purchase of a Backhoe/Loader from Nortrax in the Amount of $110,000 Responsible Department: Fleet Maintenance Commentary: On January 20, 2016 the City received three bids for a backhoe/loader. The total "life cycle" cost over a five year period ranged from $57,000 — $73,795 — see attached bid tabulation. The ""life cycle" bidding process guarantees a maximum cost of repairs over a five year period as well as a buy back amount at the end of the five years. See bid tabulation for details. On February 1, 2016, the Finance Committee reviewed and approved staff recommendation to purchase the backhoe/loader from Notrax in the amount of $110,000. At the end of the five years, the City will have the option of keeping the machine or returning it to Nortrax for the guaranteed buy back amount of $53,000. The contract award recommendation must be reviewed approved by the City Council as it is over $100,000. Manager's Comments: Associated Information: Bid Tabulation Budget Approval: Legal Approval: Introduced for X Passage -Consent First Reading Referral Depart nt Head rpW o�. ( 2, 9 , ) City Manager Finance Director Page _ of Assigned to Councilor Durgin CITY OF BANGOR 16-081 FEBRUARY 8, 2016 (TITLE.) Order, Authorizing Bid Award for the Purchase of a Backhoe/Loader from Nortrax in the Amount of $110,000 By the City Council of the City of Bangor: THAT, Deborah Cyr, Finance Director is hereby authorized to execute a purchase order to Nortrax in the amount of $110,000 for the purchase of a backhoe/loader. IN CITY COUNCIL FEBRUARY 8, 2016 PASSED 4�, q,��,/lol �' CITY CLERK