Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Issue The Attached Blanket Purchase Order With Enterprise FM Trust, A Delaware Statutory Trust ("Enterprise"), For The Lease of Vehicles To Serve The Code Compliance Division For A 14 Month Term At An Estimated Total Amount Of $104,705.72; And Amending The Fiscal Year 2018 Adopted Operating Budget (R-2017-288).
Body
Staff Recommends: Approval of The Attached Resolution.
Explanation:
The Public Works Department, Fleet Division, on behalf of the Code Compliance Division, is requesting the approval of the attached lease agreement for the purpose of leasing 17 pick-up trucks to replace prior lease vehicles that will be returned to Enterprise.
Enterprise was contacted regarding availability of the GMC Sierra pick-up truck and the vendor advised City staff that they can provide GMC Sierras as needed by the City via an open-end lease program.
The pilot program, approved via R-2016-375, was successful in meeting operational demands, maintaining of fleet vehicles, customer support, and the depreciation rebate was received as outlined in the original agreement
The Enterprise Vehicle Lease Agreement was competitively procured through the City of Lauderdale Lakes, Florida, pursuant to RFP No. 15-1301-02R, and Enterprise has agreed to provide these vehicles under similar pricing terms and conditions.
The Master Equity Lease Agreement package is attached and includes the Open-end Equity Lease Quote with Vehicle Specifications and Fair Price Estimates, Termination Value Schedule, Master Equity Lease Agreement, Amendment to Master Equity Lease Agreement Addendum, a Self-Insurance Addendum and Maintenance Agreement.
The proposed lease instrument is an open-end equity lease for 34 vehicles to be operated in increments of 17 vehicles at a time for a total 14 month term, of which at the end of the first 7-month term, the first 17 vehicle increment ...
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