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File #: 45955    Version: Name:
Type: Resolution Status: Passed
File created: 1/31/2017 In control: BOARD OF ESTIMATES (ended 4/2017)
On agenda: 2/28/2017 Final action: 2/28/2017
Enactment date: 3/2/2017 Enactment #: RES-17-00132
Title: SUBSTITUTE - Amending the 2017 Parks Capital Budget to create a new project “Golf Course Equipment” and appropriate $250,000 in non-General Fund general obligation borrowing that will be repaid by the Golf Enterprise Fund to purchase new mowers for the City’s golf courses, and authorizing the City to enter into an sole source agreement with Burris Equipment to purchase mowers.
Sponsors: Paul R. Soglin
Attachments: 1. Version 1.pdf
Fiscal Note
The proposed resolution amends the Parks Division 2017 Adopted Capital Budget to appropriate $250,000 of Non-General Fund General Obligation Borrowing and creating a new “Golf Course Equipment” project. The funding will be used to purchase four new mowers to replace the Golf Enterprise Fund’s mower fleet. Using General Obligation Borrowing to fund the purchase will result in lower financing costs than financing through the dealer. Estimated useful life of the equipment is 10 to 15 years; debt will be repaid with revenues from the Golf Enterprise Fund over ten years based on the cost of borrowing.

Title
SUBSTITUTE - Amending the 2017 Parks Capital Budget to create a new project “Golf Course Equipment” and appropriate $250,000 in non-General Fund general obligation borrowing that will be repaid by the Golf Enterprise Fund to purchase new mowers for the City’s golf courses, and authorizing the City to enter into an sole source agreement with Burris Equipment to purchase mowers.

Body
The Parks Division has identified the need to replace eight of its 1990’s-era mowers currently used at the four city golf courses. A new mower technology that uses seven decks with additional reels (Jacobsen LF-557 Fairways) is only available from Burris Equipment due to exclusive rights to sell. The additional decks/reels will significantly cut mowing time and should reduce labor and maintenance costs. Funding of $250,000 is needed in non-General Fund general obligation borrowing which will be repaid with revenues from the Golf Enterprise Fund over a ten-year period.

WHEREAS, the Madison Parks Division needs to replace eight mowers that date back to the 1990’s to maintain the four city golf courses; and

WHEREAS, new mowers are available from Jacobsen Mowers (Jacobsen LF-557 Fairways) that have seven mowing decks that hold reel-based cutting units and Jacobsen Mowers is the only company on the market with the seven deck technology which provides additional cuttin...

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