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HomeMy WebLinkAboutRESOLUTION 1998-16Suggested by: Administration City of Kenai RESOLUTION NO. 98-16 A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALAStCa, TO AUTHORIZE THE PURCHASE OF AN ELGIN SWEEPER WITH EQUIPMENT REPLACEMENT FUND ASSETS. WHEREAS, the Schedule of Equipment Replacements indicates the purchase of an Elgin sweeper in FY98 for street maintenance; and WHEREAS, this equipment is owned by the Airport Land System Special Revenue Fund; and WHEREAS, the City obtained market value estimates from a dealer in this equipment; and WHEREAS, the price of $50,000 is between estimates of the high price of $62,000 and the low price of $37,250; and WHEREAS, the Equipment Replacement Fund has sufficient assets to purchase this equipment. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, that the City Manager is authorized to purchase the Elgin sweeper from the Airport Land System Special Revenue Fund using Equipment Replacement Fund assets of $50,000. PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 1st day of April, 1998. ATTEST: · M~ MEASLE~~, VICE MAYOR Carol L. Freas, City Clerk Approved by Finance: (3/23/98) kl