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File #: 23-0146    Version: 1
Type: New Business Status: Agenda Ready
File created: 3/24/2023 In control: City Council
On agenda: 4/4/2023 Final action:
Title: Approval to Purchase a 2024 Peterbilt 567 Truck with a Stellar Hook Lift and Accessories in the Amount of $275,138.76
Attachments: 1. Peterbilt 567 Price Quote, 2. Peterbilt 567 Photo

 

ITEM TITLE: 

Approval to Purchase a 2024 Peterbilt 567 Truck with a Stellar Hook Lift and Accessories in the Amount of $275,138.76

SUBMITTED BY:

Joe Russell, Interim Public Works Director

 

FISCAL NOTES: 

Expenditure Required: $275,138.76

Unencumbered Balance: $240,000.00, $35,138.76 from Major Equipment Fund Balance

Funding Source: 350-0400-58000; Major Equipment Reserve

 

RECOMMENDATION:

Approve the purchase of a 2024 Peterbilt 567 truck with a stellar hook lift and accessories in the amount of $275,138.76.

SUMMARY STATEMENT:

                     Unprecedented inflation has outpaced budget for this piece of equipment by $35,138.76 for an exact replacement of current fleet.

                     Utilize Major Equipment Fund Balance in the amount of $35,138.76 to cover the actual outlay required.

Accumulated fund balance is a result of a combination of prior years’ under-budget expenditures and deferred purchases.

This 2024 Peterbilt 567 truck is in the 2023 Major Equipment Schedule for Solid Waste Department. The equipment will be purchased in accordance with the 10-year replacement schedule.

To meet procurement code, the City of Valdez will purchase this equipment using a Sourcewell Government contract to obtain a 25% discount off the list price, This Peterbilt 567 truck with a stellar hook lift is scheduled to replace a 2009 Peterbilt 367 truck with a stellar hook lift, which will then be auctioned at surplus. This new truck will be given a 12-year life expectancy.

 

 

 

 

Cost Break down includes:

Item                                                                                                                                                                         Cost

Peterbilt/Bobs                                                                                                                              $270,288.00
GCR tires
                                                                                                                                                   $3,238.76
Arcticom Radio
                                                                                                                              $837.00

Additional Costs

Travel                                                                                                                                                                        $750.00
DMV Title & Registration                                                                                                         $25.00

TOTAL                                                                                                                                                   $275,138.76