Explanation of Request: Staff at The Links Golf Course has evaluated its current fleet to determine why maintenance issues have dramatically increased over the last year. Due to social distancing requirements, more carts are being used on a daily basis requiring additional service and maintenance. Staff has determined that it is in the City's best interest to replace these units with new carts under a 5 year factory warranty, as opposed to continually repairing out of warranty carts. In order to run a top quality Golf Course, the most appropriate action would be to replace all carts and finance them over a 5 (five) year period.
The following is a breakdown of the requested purchase and trade-in allowances.
(90) Golf Carts - Total Purchase Price: $576,000.00
less trade-in allowance for (90) cars: <$166,093.20>
Net Purchase Price: $409,906.80
EZGO Division of Textron, Inc. has offered a 60-month Net Municipal Lease/Purchase with a $1.00 per car buyout at the end of the term. The Lease/Purchase has a municipal interest rate of 2.99%.
The National IPA Cooperative Contract satisfies the City's procurement requirements.