Title
Caterpillar Wheel Loader - Street Division/Public Works Department
History
The Public Works 2014 Fiscal Year Budget has a Board approved line item in the amount of $160,000 to replace a Street Division 1999 Caterpillar IT28 Wheel Loader. The current unit being replaced has 7,650 operating hours.
The Village is a member of the National Joint Powers Alliance (NJPA). As a member, we are eligible to purchase a 2014 Caterpillar 924K Small Wheel Loader at a governmental discount through the authorized dealer, Patten Cat of Elmhurst, Illinois at a cost of $139,720.09. The proposed cost from Patten is $20,279.91 under the budgeted amount for this equipment.
On February 3, 2014, this item was reviewed and approved by the Public Works Committee and referred to the Board for approval.
Financial Impact
There is $160,000 budgeted for the loader (Account #010-5006-470300).
Recommended Action/Motion
I move to approve purchasing one 2014 Caterpillar 924K Small Wheel Loader for the Street Division of the Public Works Department from Patten Cat of Elmhurst, Illinois, through the National Joint Powers Alliance Discount Program for a price not to exceed $139,720.09.