SUBJECT/RECOMMENDATION:
Title
Authorize trade-in of 2012 Case backhoe (G3924), to Trekker Group of, Tampa, FL for the offered amount of $26,500, in accordance with Clearwater Code of Ordinances Section 2.624, exceptions to auction sale bidding procedures, and authorize the appropriate officials to execute same. (consent)
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SUMMARY:
On October 3, 2019, Council authorized the purchase of replacement vehicles and equipment per the fiscal year 2019/2020 budget. The 2012 Case 580SN backhoe, S/N NJCC565247, asset number G3924, was designated to be replaced in that action, with the intent to have Council declare it surplus for auction sale at a future date. When a formal quotation for the new backhoe was obtained the sales representative offered a trade-in value of $26,500 for the surplus backhoe. Historical data indicates a value at auction of approximately $17,000.
Council authorization to trade-in #G3924 is requested. Pursuant to Clearwater Code of Ordinances Section 2.624(6), exceptions to auction sale bidding procedures, Council approval is required for trade-in of any item with a current market value of more than five thousand dollars ($5,000). Proceeds from the trade-in are credited to Garage Fund surplus vehicle revenue (566-364413).
APPROPRIATION CODE AND AMOUNT:
566-364413, Surplus Vehicles