Minutes 01/11/2011 - Laserfiche WebLink

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January 11. 2011 Financial impact: . The City will refinance approximately $7.8 million of existing equipment and vehicle lease obligations and incur approximately $17.3 million of new equipment and vehicle lease obligations in fiscal years 2011 through 2015. Recommended Action: . Adoption of the attached ordinance. Vision Principles: Thriving Neighborhoods and a Sense of Community and a Robust and Prospering Economy. Next Steps Following Council Action: . Acceptance of a proposal and negotiation, execution, and delivery of a new Master Lease Agreement. Motion by Mr. Moody, and seconded by Mr. Whitehurst, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE AUTHORIZING $28,000,000 IN EQUIPMENT AND VEHICLE LEASE OBLIGATIONS OF THE CITY UNDER A NEW MASTER LEASE AGREEMENT." Ayes: Cherry, Edmonds, Heretick, Moody, Randall, Whitehurst, Wright Nays: None 11 - 16 - Adoption of an ordinance transferring $384,640 from a portion of the FY 2010- 11 Stormwater Management Fund balance to the FY 2010-11 City Garage Fund for the purpose of purchasing Street Sweeping Equipment. Vision Principle: Thriving Neighborhoods and a Sense of Community. Background: . As part of the City Manager's Report that accompanied adopted ordinance 2010- 74, the need to replace several pieces of service apparatus was presented. Among the enumerations was $380,000 for Stormwater Equipment. . At the end of FY 2010, there was an undesignated and unencumbered Stormwater Management Fund Balance of $2,265,705. . It is the desire of the Department of Public Works/General Services to purchase street sweeping equipment to enhance the Stormwater water quality efforts. . The three needed street sweepers are available on Government contract and the acquisition of this equipment in the current fiscal year will represent a substantial financial savings over acquisition in the future. That is, a price increase is pending. Financial impact: . $384,640 for three street sweepers from undesignated and unencumbered Stormwater Management Fund. Recommended Action: . Council authorization of the transfer and subsequent expenditure. Vision Principle: Thriving Neighborhoods and a Sense of Community. Next Steps Following Council Action: . Acquisition of the equipment presented in the attached documents. 1. Mark Geduldig-Yatrofsky, 2713 Sterling Point, spoke in opposition to this item. Motion by Mr. Whitehurst, and seconded by Ms. Randall, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE TRANSFERRING $384,640 FROM THE FY 2010-11 STORMWATER MANAGEMENT FUND BALANCE TO THE FY 2010-11 CITY GARAGE FUND FOR THE PURPOSE OF PURCHASING STREET SWEEPING EQUIPMENT TO ENHANCE STORMWATER WATER QUALITY EFFORTS."