R2020-67 Sanitation Truck PurchaseRESOLUTION 2020-67
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH
PALM BEACH, FLORIDA APPROVING THE ACQUISITION OF A 2020 MACK
REAR LOADER SANITATION VEHICLE FROM NEXTRAN CORPORATION
D/B/A NEXTRAN TRUCK CENTER OF RIVIERA BEACH PURSUANT TO
PRICING ESTABLISHED IN AN EXISTING FLORIDA SHERIFF'S
ASSOCIATION CONTRACT; APPROVING A SEVEN-YEAR LEASE
AGREEMENT WITH PINNACLE PUBLIC FINANCE, INC.; DECLARING AN
EXISTING REAR LOADER SANITATION VEHICLE AS SURPLUS PROPERTY;
AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, because one of the Public Works Department's rear loader sanitation vehicles has reached
the end of its cost-effective service life, Village Staff recommended the lease of a new rear loader
sanitation vehicle through Pinnacle Public Finance, Inc.; and
WHEREAS, the 2020 Mack TE64R rear loader sanitation vehicle will be acquired from Nextran
Corporation d/b/a Nextran Truck Center of Riviera Beach pursuant to pricing established in an
existing Florida Sheriff's Association Contract for Cab and Chassis Trucks and Other Fleet
Equipment (Contract No. FSA19-VEH17.0); and
WHEREAS, the Village Council determines that the adoption of this Resolution is in the best interests
of the residents and citizens of the Village of North Palm Beach.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF
NORTH PALM BEACH, FLORIDA as follows:
Section 1. The foregoing recitals are ratified as true and incorporated herein.
Section 2. The Village Council hereby approves the acquisition of a 2020 Mack TE64R rear
loader sanitation vehicle from Nextran Corporation d/b/a Nextran Truck Center of Riviera Beach and
the leasing of the vehicle for a seven-year term through Pinnacle Public Finance, Inc.
Section 3. The total annual cost of the lease shall be $39,003.36 (at a total cost of $273,023.56
over the term of the lease), with funds expended from Account No. A8535-49158 (Debt Service —
Vehicle Lease). The Village Council further authorizes the Village Manager to execute all required
documents with Pinnacle Public Finance, Inc. to effectuate the lease transaction, subject to the review
and approval of the Village Attorney.
Section 4. Upon delivery, acceptance and placement into service of the new vehicle, the Village
Council declares the following vehicle as surplus property and authorizes its disposal in accordance
with Village policies and procedures: 2004 Sterling LT 7500CAT Rear Loader Refuse Truck #68
(VIN: 2FZHATAK04AM 18976).
Section 5. This Resolution shall be effective immediately upon adoption.
PASSED AND ADOPTED THIS 22ND DAY OF OCTOBER, 2020.
(Village Seal)
MAYOR
ATTEST:
VILLAGE CLERK