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File #: R-2026-020    Version: 1 Name: Wells Fargo Lease-Purchase Agreement
Type: Resolution Status: Agenda Ready
File created: 12/18/2025 In control: Department of Parks, Recreation & Cultural Arts
On agenda: 1/21/2026 Final action:
Title: A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Issue A Purchase Order With Wells Fargo Financial Leasing, Inc. Paying The Last Term Of The Equipment Lease Agreement For The Lease And Purchase Of 120 2022 New E-Z-Go RXV Elite Electric Golf Carts For Use At Orangebrook Golf And Country Club In An Amount Of $360,000.00 Based Upon The Executed Master Agreement Number 603-0220834.
Attachments: 1. Resolution_Wells Fargo Lease Buyout of EZGO Golf Carts_2026.pdf, 2. Draft PO_PFY-2601463_0.pdf, 3. Nominal Lease Agreement.pdf, 4. Non Appropriation Addendum.pdf, 5. R-2022-196 Orangebrook Wells Fargo.pdf, 6. R210201_EZGO_Renewal 1_2024.04.26.docx.pdf, 7. R210201_E-Z-GO_Renewal 2_2025.05.02.docx.pdf
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Title

A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Issue A Purchase Order With Wells Fargo Financial Leasing, Inc. Paying The Last Term Of The Equipment Lease Agreement For The Lease And Purchase Of 120 2022 New E-Z-Go RXV Elite Electric Golf Carts For Use At Orangebrook Golf And Country Club In An Amount Of $360,000.00 Based Upon The Executed Master Agreement Number 603-0220834.

 

Strategic Plan Focus

Quality of Life & Strong Neighborhoods

 

 

Body

 

Staff Recommends:  Approval of the attached Resolution.

 

 

Explanation:

On July 6, 2022, R-2022-196 was executed authorizing the lease of 120 2022 new E-Z-GO RXV Elite Electric Golf Carts for use at Orangebrook Golf and Country Club under PA600529 in an amount of $405,687.24 over a three-year period.

 

The planning and permitting to re-develop Orangebrook Golf and Country Club is underway; and maintaining a golf cart fleet is vital to keeping Orangebrook Golf and Country Club operational.

 

 

Fiscal Impact:

There is a companion resolution (budget amendment) that will allocate funding in an account number to be determined for the purchase of the golf carts.

 

 

Recommended for inclusion on the agenda by:

David Vazquez, Assistant Director, Parks, Recreation and Cultural Arts

Ricky Engle, Director, Parks, Recreation and Cultural Arts

Jovan Douglas, Assistant City Manager