Public Hearing January 23, 2015 Top Kick Replacement.

Public HearingJanuary 23, 2015Top Kick Replacement

Agenda• Sign in• Call to Order• Purpose of the meeting• Truck Information• Feedback.• Adjourn

Call to Order• The Public Hearing for the purchase of a new Truck (Top Kick

Replacement) in the amount of $83,000 is called to order.

Purpose of this public hearing• The purpose of this public hearing is to present the details for

the purchase of a new truck in the amount of $83,000

• To listen to your input.

Background:• The Village District owns a 4 wheel drive mid-sized truck (2005

GMC C5500) that was purchased in 2005 for $78,626.80.

• We refer to this truck as the Top Kick.

• In 2014 the Top Kick required $12,342.98 in maintenance to keep it on the road and operational for snow repair.

• The Top Kick is a mid-sized truck has served the district well in snow plow work with a wing.

Background:• The Top Kick is a primary snow fighting tool

• The Top Kick does not require a CDL license to operate, meaning that we can send any of our part time snow plow personnel out at any time to clear any road in the district.

• The Top Kick is Big enough to support a wing plow

• With double the sanding capacity of the 550, the top kick requires half the trips to the sand pile, keeping our DPW staff on the road.

Research• We considered 3 options • A Ford 550 configured exactly the same as our existing Ford 550.

• $65,000• A Ford 550 with a plow and wing

• $83,000• A 2014 TERRASTAR SFA 4x4 (TR005) Mid Sized Truck

• $114,000

• Each option was a 4 wheel drive truck with a sander and a plow.

• This hearing focuses on the Ford 550

• It was noted that the new grader can also provide wing-back services, but that it requires a specially trained operator, has no sander. The grader is great for cleanup operations especially using the wing to push back snow further than any other truck. But it is not a primary snow fighting platform.

F-SERIES SD 2015 F550 4X4 CHAS/C 6.7L POWER STROKE V8 DIESEL

Truck Info• F-SERIES SD 2015 F550 4X4 CHAS/C• 6.7L POWER STROKE V8 DIESEL • 6-SPEED AUTO TRANS Exterior • TUXEDO BLACK METALLIC

• As quoted, this Ford 550 has a 2 cubic yard sander capacity, which is ½ the capacity of the Top Kick

Sander and Plow info

Financial Details• Enter into an agreement to loan or lease the new truck with

an intent to own the truck at the end of the loan/lease.

• STRUCTURE: Bank Loan

• EQUIPMENT: • F-SERIES SD 2015 F550 4X4 CHAS/C 6.7L POWER STROKE V8

DIESEL

• FINANCED AMOUNT: $83,000.00• TERM: Five (5) annual• LOAN RATE: 3.30%• LOAN PAYMENT: $17,600 / YEAR

Public Comments• Please keep comments to the truck purchase.

• To make comments, please stand and announce your name and street name.

• Be respectful of everyone.

• Thank you.