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HomeMy WebLinkAboutID# 14-451 SA Approve Purchase of 2014 John Deere for $44,999 from Storz Equipment for Maintenance of Diamond Stadiumcrry OF t LAKT,V,L MO E �dM REPORT TO SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE TO: HONORABLE CHAIR AND MEMBERS OF THE SUCCESSOR AGENCY FROM: GRANT YATES EXECUTIVE DIRECTOR DATE: FEBRUARY 10, 2015 SUBJECT: APPROVE THE PURCHASE OF A 2014 JOHN DEERE MOWER WITH STOTZ EQUIPMENT FOR DIAMOND STADIUM Recommendation Approve the purchase of a 2014 John Deere 8700 Precision Cut Fairway Mower in the amount of $44,999.00 from Stotz Equipment for the continued maintenance of Diamond Stadium. Background On September 23, 2014 the Successor Agency and Oversight Board approved the second amendment to the stadium interim management agreement which included a capital repair schedule with estimated costs of capital repairs and equipment for the next four six -month ROPS periods beginning with ROPS 14 -15B. In November the Successor Agency received approval from the state Department of Finance authorizing the funding for the capital repair schedule for ROPS period 14 -15B. The purchase of a new mower for Diamond Stadium was included in the approved capital repair schedule. Discussion The Diamond Stadium has been hosting sporting events and live entertainment venues for over 20 years. The stadium is now beginning to shows signs of its age. In order to maintain this significant City asset it is important that we invest in the ongoing repair and replacement of the stadium. The purchase of this 2014 John Deere 8700 PrecisionCut Fairway Mower will ensure the baseball field will continue to be maintained in pristine condition for another 20 years. Diamond Stadium Capital Purchase February 10, 2015 Page 2 Storm Baseball staff solicited three quotes from authorized John Deere dealerships. Stotz Equipment was selected as the lowest price dealer for the purchase of this mower, Fiscal Impact Sufficient funds have been authorized by the Oversight Board and Department of Finance to fund the purchase of this mower. The Successor Agency has received the funds for this purchase directly from the County as a part of the Real Property Tax Trust Funds (RPTTF) allocation. Prepared by: David Bilby Finance Manager Approved by: Jason Simpson Director of Administrative Services Approved by: Grant Yates Executive Director Attachments: NIA