Explanation
This ordinance is to authorize the Director of the Recreation and Parks Department to set up a purchase order with PNC Equipment Finance, LLC for year one - 2016 - of the five-year modification/extension 2016-2020 for 385 golf riding cars for Airport, Mentel, Champions, Raymond, Turnberry and Wilson Road Golf Courses; to provide adequate funding through December 31, 2016 in accordance with the terms of the Riding Car Lease-Purchase Agreement; and to authorize the expenditure of $311,850 from the Recreation and Parks Operation Fund 285 ($311,850). To appropriate and issue the 2016 purchase order to PNC for the first year’s payment of the five-year modification/extension of agreement(s) with PNC Equipment Finance, LLC and Lake Erie Golf Cars, LLC for golf riding cars for the Recreation and Parks Department’s six municipal golf courses which was modified by authorization of the Recreation and Parks Commission on June 10, 2015 and approved by Columbus City Council Ordinance Number 1485-2015 on June 8, 2015. An emergency is requested to assure timely set up of purchase order and payments for 2016 which commence in April 2016; banking rules mandate finance charges for late payments.
Background:
There are three separate lease-purchase agreements and service contracts: 1) 2011-2015; 2) 2012-2016; and 3) 2013-2017 which were modified and extended. This modification accomplished the following:
- Combined all three lease-purchase/service agreements into one;
- Extended this modified lease-purchase/service agreement by an additional five years for a term of 2016-2020;
- Exchanged existing cars assigned to each golf course with 385 all new 2015 manufactured riding cars;
- Locked in the monthly cost per car by the last bid price (in lease #3) of $101.25;
- Assigned ownership of the seven ADA riding cars to the Division at no charge (not included in the new PNC payment schedule) with refurbishing (fitted with new batteries), maintenance and care stil...
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