HomeMy WebLinkAboutMINUTES - 10072014 - C.44RECOMMENDATION(S):
APPROVE and AUTHORIZE the Purchasing Agent, or designee, to execute, on behalf of the Public Works Director,
a lease agreement amendment with Leasource Financial Services, Inc., in an amount not to exceed $255,300 for the
financing of multifunction copier and printing devices for public use in community libraries for the period from
October 25, 2014 through July 25, 2018, Countywide.
FISCAL IMPACT:
The cost of the rental/lease of this equipment is approximately $160,000 per year and is included in the Library’s
budget. Revenue from copying and printing fees is expected to be $62,000 per year.
BACKGROUND:
In May 2013, the Board of Supervisors approved an action by the Purchasing Agent, on behalf of the Library, to
enter into an agreement with Sharp Business Services for the rental/lease of multifunction printer/copier devices for
public use in community libraries. The agreement runs through June 30, 2018. Sharp Business Services has ended its
relationship with US Bank who was the financing company when the agreement was initiated.
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 10/07/2014 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
Contact: David Gould,
925-313-2151
I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board
of Supervisors on the date shown.
ATTESTED: October 7, 2014
David Twa, County Administrator and Clerk of the Board of Supervisors
By: , Deputy
cc:
C. 44
To:Board of Supervisors
From:Julia R. Bueren, Public Works Director/Chief Engineer
Date:October 7, 2014
Contra
Costa
County
Subject:Authorize the Purchasing Agent to Execute a Lease Agreement with Leasource Financial Services, Inc.
BACKGROUND: (CONT'D)
Leasource Financial Services, Inc. has been selected as the new lender. Purchasing is requesting approval to execute
an amendment to an existing Master Lease Agreement with Leaseource. The total amount financed is $237,261 for
46 months. Monthly payments of $5,550 are included in the amount charged to the Library, and are paid directly to
Leaseource by Sharp Business Services. The nominal annual interest rate is 3.964%.
CONSEQUENCE OF NEGATIVE ACTION:
Failure to enter into a lease agreement may result in higher costs due to Sharp Business Services inability to obtain
financing.
CHILDREN'S IMPACT STATEMENT:
Not applicable.
CLERK'S ADDENDUM
RELISTED to a future date uncertian .