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HomeMy WebLinkAboutOrdinance#4239 - Purchase and Financing of a New Caterpillar Wheel Loader ORDINANCE NO. 4239 AN ORDINANCE APPROVING THE PURCHASE AND FINANCING OF A NEW CATERPILLAR WHEEL LOADER WHEREAS,the City of Canton, Fulton County, Illinois ("City"), is a non-home rule unit of government; WHEREAS, Section 11-61-3 of the Illinois Municipal Code (65 ILCS 5/11-61-3) provides, in part: The corporate authorities of each municipality having a population of less than 1,000,000 inhabitants shall have the express power to purchase or lease either real estate or personal property for public purposes through contracts which provide for the consideration for such purchase or lease to be paid through installments to be made at stated intervals during a certain period of time, but, in no case, shall such contracts provide for the consideration to be paid during a period of time in excess of 20 years nor shall such contracts provide for the payment of interest at a rate of more than that permitted in "An Act to authorize public corporations to issue bonds, other evidences of indebtedness and tax anticipation warrants subject to interest rate limitations set forth therein", approved May 26, 1970, as amended.' The indebtedness incurred under this Section when aggregated with existing indebtedness may not exceed the debt limits provided in Division 5 of Article 8 of this Code; WHEREAS, the City is in need of a new Wheel Loader to be used for public purposes, including but not limited to sludge handling at the Wastewater Treatment Plant; WHEREAS, the City intends to trade-in its currently owned 1995 Caterpillar Wheel Loader(the "Old Loader") to apply towards the purchase price; WHEREAS, the City has obtained quotes related to the purchase of a new Wheel Loader with related options, accessories and attachments (hereinafter collectively the "New Loader"); WHEREAS, the City Treasurer has obtained quotes regarding the financing of a portion of the purchase of the New Loader; WHEREAS, the City Treasurer has recommended a three (3) year loan from MidAmerica National Bank in the amount of$94,548.00 at 1.94% interest; WHEREAS, the corporate authorities find it to be clearly in the public's interest to proceed with the purchase of the New Loader as agreed, by this Ordinance, by at least a vote of two-thirds (2/3)to waive competitive bidding requirements; WHEREAS, the corporate authorities of the City of Canton have determined that it is necessary and in the best interest to purchase the New Loader for the City of Canton, set forth in "Exhibit A." NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CANTON, FULTON COUNTY, ILLINOIS AS FOLLOWS: 1. The City of Canton hereby finds as fact the recitals set forth above and are incorporated herein as though fully set forth; 2. Any applicable competitive bidding requirements set forth by Illinois law and the Canton Municipal Code are hereby waived; 3. The quote for the purchase of the New Loader in the amount of $137,698.00, substantially as attached hereto as "Exhibit A," plus necessary taxes, titles, and fees, is hereby APPROVED; 4. The Old Loader may be traded in to apply towards the purchase price of the New Loader; 5. The Mayor is hereby authorized to execute and deliver any and all purchase agreements, purchase orders, or other documents necessary to purchase the New Loader; 6. The Mayor and/or City Treasurer are also authorized to execute any and all loan agreements, security agreements, and other necessary documents (collectively the "Loan Documents") to finance all or a portion of the purchase of the New Loader with MidAmerica National Bank; 7. This Ordinance shall be in full force and effective immediately upon its passage by the City Council of the City of Canton and approval by the Mayor thereof. PASSED AND APPROVED THIS 15 day of June, 2021. AYES: Mayor McDowell, Aldermen Andra Chamberlin, Greg Gossett, John Lovell, Craig West, Angela Hale, Angela Lingenfelter NAYS: None ABSENT: Aldermen Justin Nelson, Jeff Fritz APPROVE : By: OP K nt McDowell, Mayor ATTEST: -liana Pavley-Rock, City Clerk EXHIBIT A 111.1111E...—H‘ 411t___ l- CAT 1957 YEARS 201 June 15, 2021 City of Canton 2 North Main Street =° r-"' l r Canton, IL 61520-2618 ;) 0 City of Canton We are pleased to provide the following proposal for your review: One (1) New CAT® 914 Compact Wheel Loader Includes the following standard equipment and options: Pressurized, Sound Suppressed ROPS Cab CAT C3.6 Tier 4 Final Diesel Engine Comfort Air Suspension Heated Fabric Seat High Speed, Hydrostatic Transmission Air Conditioner and Heater/Defroster Locking Differentials Rearview Camera 120V Engine Coolant Heater AM/FM Radio w/Bluetooth Heavy Duty Battery Heated Rear Window Full Cover Fenders Front& Rear Wiper/Washers 17.5 R25 L2 Tires Electronic Throttle Lock Roading Lights Variable Speed Creeper Control Front&Rear LED Flood Lights Rim Pull Control Back-Up Alarm Hystat Aggressiveness Control Parallel Lift, Z-Bar Loader Linkage Automatic Ride Control System IT-Style Quick Coupler Joystick Implement Control w/F-N-R Switch Three-Valve Hydraulics 3rd Valve Proportional Roller Switch Control Return to Dig CAT 1.75 yd3 Multi-Purpose Bucket CAT Product Link Ready w/Bolt-on Cutting Edge CAT 61" Carriage w/48" Forks Equipment Protection Plan (EPP) Includes 12-Months Premier& 36-Months/ 1,500 SMH Powertrain+Hydraulics+Tech EPP Sale Price $ 137,698.00 Availability Trade Value $ 13,500 b ellin o Price © Tg1 ° - Sales Tax Additional, if applicable. In Stock. Page 2 of 2 We appreciate the opportunity to submit this proposal, and trust that it will merit your favorable consideration. Sincerely, Ryan Schatsiek Machine Sales Representative Altorfer Cat 1