Title
Dept/ Agency: Administration/ Division of Central Purchasing
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Cooperative Purchasing Agreement
Purpose: To authorize the use of Sourcewell Cooperative Contract #011723-JDC to purchase of one (1) 2024 John Deere 544 P Wheel Loader at $278,860.00 and enter into a five (5) year lease for four (4) 2024 John Deere 544 P Wheel Loader with a $1.00 buyout at the end of the lease for the Citywide cleanup and snow detail.
Entity Name(s)/Entity Address(s):
Jesco, Inc., 18 St Nicholas Avenue, South Plainfield, New Jersey 07080; and Deere Credit, Inc. d/b/a John Deere Financial Lease, 6400 NW 86th Street, Johnston, Iowa 50131
Contract Amount: Not to exceed $1,533,992.60
Funding Source: 2024 Budget/Department of Water and Sewer Utilities/NW038-800-8007-94340-2024/Capital Outlay
Contract Period: Commencing upon a date to be established for a one-time purchase of one (1) Loader and five (5) year lease for four (4) Loaders
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a
Additional Information:
Resolution 7R1-c(AS), adopted on April 20, 2022, the Municipal Council authorized membership in the Sourcewell Cooperative.
This Cooperative Purchasing Agreement will purchase wheel loaders for all City Departments.
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WHEREAS, N.J.S.A 40A:11-11(5) and N.J.A.C. 5:34-7.1 et seq. authorize local government units to establish, administer, and participate in cooperative purchasing systems to facilitate the cost-effective provision of goods and services; and
WHEREAS, on April 20, 2022, the Municipal Council adopted Resolution 7R1-c(AS) authorizing the City of Newark's (the "City's") membership in the Sourcewell Cooperative, 202 12th Street NE, Staples, Minnesota 56479, a nationally-recognized and accepted...
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