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Resolutiion No. 18-06 vRESOLUTION NO. 18-06 A RESOLUTION OF THE CITY OF ATLANTIC BEACH, FLORIDA, AUTHORIZING THE LEASE -PURCHASE OF A NEW 2018 VAC -CON VACUUM TRUCK WITH FREIGHTLINER CHASSIS. WHEREAS, many municipalities, including our neighboring cities, own and operate jet -vac trucks to perform regular maintenance on their stormwater and sanitary sewer infrastructure, and to respond to specific emergency situations; and WHEREAS, City staff has determined we will benefit from an operational standpoint, and more efficiently and economically perform at our high level of service by purchasing this equipment; and WHEREAS, this equipment will allow the Public Works and Public Utilities crews to effectively clean and maintain sewer and stormwater lines. Both Departments have outsourced similar services for both routine/preventive maintenance and emergency response situations such as flooding and sewer backups; and WHEREAS, having this equipment available in-house will be invaluable for both scheduled and reactive/emergency maintenance activities. On the preventive maintenance side, it will reduce costs over outsourcing and allow for a more comprehensive scheduled maintenance program. In addition, having the equipment in-house, emergency response time will dramatically improve for call -outs and emergency situations; and WHEREAS, Option 1 of a five year lease -purchase with Leasing 2, Inc. of a new 2018 Vac -Con Vacuum Truck with Freightliner Chassis allows for five annual payments of $73,675.46 for a total amount of $368,377.30 (equipment plus finance cost). WHEREAS, The first year's payment will require a budget mod transferring the necessary funds into the 6400 accounts (Machinery & Equipment) within the Sewer and Stormwater Funds, while additional year payments will be similarly budgeted; and NOW THEREFORE, be it resolved by the City Commission of the City of Atlantic Beach as follows: SECTION 1. The City Commission hereby authorizes the City Manager to execute the lease to purchase a new 2018 Vac -Con Vacuum Truck with Freightliner Chassis through Leasing 2, Inc.; SECTION 2. This Resolution shall take effect immediately upon its passage and adoption. PASSED AND ADOPTED by the City of Atlantic Beach, thi 26th day of February, 2018. Ellen Glasser, Mayor Attest: A � Donna L. Bartle, City Clerk Approved as to form and correctness: vCt Br . Durden, ttorney