Broken Arrow Municipal Authority
Meeting of: 09/19/2023
Title:
title
Approval of and authorization to execute a 12 lease for Two (2) 40HP AIRE-O2 Triton® 2.0 Aerator/Mix.
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Background:
We are in desperate need of the aerator/mix to avoid violation with the state. These is a temporary fix until the gearboxes are received/and or fixed. (Nine months out)., We looked at two options one to purchase right out with a cost of $170,0000 and delivery time of 26weeks or do a rent to own for a cost of $201,150 with delivery of 2 to 4 days after receipt of the signed contract. Staff is recommending executing the lease to own to avoid any issues at the plant that would operational issues that could result in a Notice of Violation with the state.
Cost: $201,150
Funding Source: BAMA Capital Budget
Requested By: Cynthia S. Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Lease to own contract
Recommendation:
recommend
No action needed.
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