ORDER NO. 3 0644 EXPIRATION OF LEASE FOR CAT 924 LOADER Came to be heard this the 10th day of December, 2007, with a motion made by Commissioner Letz, seconded by Commissioner Oehler. The Court unanimously approved by vote of 3-0-0 to: Authorize the Road and Bridge Department to pursue purchasing the 924 Cat Loader, Vehicle Number 6YW00908, and work the details out with the Auditor as to the best way to accomplish this, and use the lease funds towards that purchase price. ~. ~ COMMISSIONERS' COURT AGENDA REQUEST ~~y~ PLEASE FURNISH ONE ORIGINAL AND TEN COPIES OF THIS REQUEST AND DOCUMENTS TO BE REVIEWED BY THE COURT. MADE BY: Leonard Odom OFFICE: Road & Bride MEETING DATE: December 10, 2007 TIME PREFERRED: SUBJECT: (PLEASE BE SPECIFIC): Consider, discuss, and take appropriate action concerning Expiration of Lease for CAT 924 Loader & 12H Maintainer. EXECUTIVE SESSION REQUESTED: (PLEASE STATE REASON) NAME OF PERSON ADDRESSING THE COURT: Leonard Odom ESTIMATED LENGTH OF PRESENTATION: 10 minutes IF PERSONNEL MATTER -NAME OF EMPLOYEE: Time for submitting this request for Court to assure that the matter is posted in accordance with Title 5, Chapter 551 and 552, government Code, is a follows: Meeting scheduled for Mondays: 5:00 P.M. previous Tuesday THIS REQUEST RECEIVED BY: THIS REQUEST RECEIVED ON: All Agenda Requests will be screened by the County Judge's Office to determine if adequate information has been prepared for the Court's formal consideration and action at time of Court Meetings. Your cooperation will be appreciated and contribute towards your request being addressed at the earliest opportunity. See Agenda Request Rule Adopted by Commissioners' Court. reg5 rqE q ~~ ~~ x Oo~~ ~ ~t Kerr County Road & Bridge 4010 San Antonio Hwy Kerrville, Texas 78028 TO: COMMISSIONERS COURT FROM: LEONARD ODOM DATE: December 3, 2007 RE: Expiration of Equipment Leases We have leased two pieces of equipment from Caterpillar Finance for 5 years and the leases will expire after the first of the year. We contacted CAT for terms to continue the lease and found the following: 1) 924 CAT Loader - 6YW00908 Expiration of Lease January 6, 2008 We currently pay $1,037.95 per month and the purchase price is $41,269.20. To extend the lease for one year would be $934.16 monthly with a purchase price of $37,485 (Jan.09). We would like to work with the Auditor and purchase this loader now at $41,269.20. 2) 12H Motor Grader - 4XM03394 Expiration of Lease February 4, 2008 We currently pay $1,277.44 per month and the purchase price is $116,000.00. CAT will not extend the lease on this piece of equipment. We would like to replace this motor grader with a smaller new one. Either a 5 yr lease or amortized purchase. Th CAT lease rage Truby Hardin From: To: '"` Cc: Sent: Monday, November 12, 2007 4:32 PM Attach: Document.pdf Subject: Lease Extension Requests -Lease #'s 001-0233523-000 and 001-0237727-000 Truby: I am responding to your request to extend the leases for your Lease #'s 001-0233523-000 and 001-0237727-000 with Caterpillar Financial Services Corporation. We were able to provide you with a lease extension quote for Contract # 001- 0233523-000. It is enclosed. We were unable to provide a lease extension quote for Lease # 001-0237727-000 as the lease does not qualify for a lease extension. Please give me a call to discuss other ways we may be able to assist you. «Document.pdf» Thank you. Freda Ramsey Remarketing Sales Representative Phone: (615) 341-8271 Fax: (615) 341-6934 'Nlrr- E-mail: Freda.Ramsey@CAT.com Caterpillar Confidential: Green 11/13/2007 KERR GOUNTY ROAD S BRIDGE LEASE EXTENSION QUOTE -CATERPILLAR FINANCIAL SERVICES HOLT TEXAS 11/12/2007 CFSC CONTRACT # 001-0233523-000 DEALER HOLT TEXAS LEASE START DATE 1/6/2003 LEASE TERMINATION 1/6/2008 MACHINE 924GZ SIN 6YW00908 ORIGINAL TERM 60 ADVANCE ORIGINAL SELL $ 82,930 ORIGINAL PAYMENT $ 1,037.95 OPTION $ 41,269 CURRENT HOURS 1,607 ADDITIONAL USAGE 1,000 PROJECTED TOTAL HOURS 2,607 EXTENSION TERM 12 LEASE EXTENSION PAYMENT $ 934.16 OPTION $ 37,485 CQS QUOTE # ML905327 MARCUS LOUPE CFSC -Sales Support Representative C.B.C. (615) 341-1524