ITEM TITLE:
Approval to Purchase a Caterpillar 966M Wheel Loader from NC Machinery in the Amount of $355,985.00
SUBMITTED BY: Rob Comstock, Public Works Director
FISCAL NOTES:
Expenditure Required: $355,985.00
Unencumbered Balance: $394,600.00
Funding Source: 350-0400-58000
RECOMMENDATION:
Approve the Purchase a Caterpillar 966M Wheel Loader from NC Machinery in the Amount of $355,985.00
SUMMARY STATEMENT:
This new Cat 966M Wheel Loader is a budgeted item and is being purchased in accordance with the 10 Year Major Equipment Schedule. This new Cat loader will be replacing a 2012 Cat 966K Wheel Loader with 5,518 hours that is currently assigned to the Solid Waste Department. The purchase price includes a set of 96 inch construction forks and freight to Valdez.
This loader is used by the Solid Waste Department for snow removal, loading landfill cover material, moving heavy objects, spreading gravel, and many other uses critical to Solid Waste daily operations.
The City of Valdez will see a significant price discount on this loader purchase by being able to “piggyback” on to the State of Alaska DOT Wheel Loader Contract (list price is $561,471.00). By using the State of Alaska DOT Contract this purchase meets City of Valdez Procurement Code.
Once the new Cat 966M Wheel Loader is delivered the 2012 966K will be sold as surplus resulting in no increase to the fleet. This new 966M will be assigned a 10 year life expectancy on the Major Equipment Schedule,