Item 31A
approved leaseJul 19, 2023
Description
Authorize the Bureau of Highway Maintenance to enter into a lease agreement with Caterpillar Financial Services Corporation, Nashville, TN, on the basis of a low bid of $1,836.04, per month per unit, for sixty-seven loader backhoes, for a total lease value of $7,380,880.80. Effective upon G&C approval for a lease term of 5 years. 100% Highway Funds
Amount
$7.4M
$1,836.04, $7,380,880.80
Department
DEPARTMENT OF TRANSPORTATION
Funding Source
100% Highway Funds
Vote Record
approved
Motion by Kenney, seconded by Stevens acted as follows
Joseph Kenney
(R)
yes
Cinde Warmington
(D)
yes
Janet Stevens
(R)
yes
Ted Gatsas
(R)
yes
Dave Wheeler
(R)
yes
Related Sub-Items (2)
31
Authorize the Bureau of Bridge Maintenance to enter into a contract based on a single hourly rate bid with Northeast Integration, LLC, North Hampton, NH, in the amount of $75,000, to provide all labor
$75,000
approved
31
Authorize the Bureau of Bridge Maintenance to enter into a contract based on a single hourly rate bid with Northeast Integration, LLC, North Hampton, NH, in the amount of $75,000, to provide all labor
$75,000
tabled