Title
Adoption of Resolution Authorizing the Interim City Manager, or Designee, to Negotiate and Execute a Lease-Purchase Agreement with Moose Boats LLC Through the United States General Services Administration Procurement Program Substantially in the Form of the Attached Agreement; and a Financing Agreement with JP Morgan Chase Bank, NA for the Purchase of One M2-38 Moose Boat Catamaran Waterjet Fire Rescue Boat in an Amount Not to Exceed $1,500,000. (Fire 10032200)
Body
To: Honorable Mayor and Members of the City Council
EXECUTIVE SUMMARY
The City of Alameda's (City) existing fire suppression and rescue boat has been in service for over 8 years and requires replacement. The City's Fiscal Year (FY) 2022-23 Mid-Cycle Budget Update included an appropriation for the first year payment of a lease purchase of a new fire rescue boat in the amount of $300,000. Staff recommends City Council authorize the Interim City Manager to negotiate and execute an agreement with Moose Boats, LLC for the purchase of a M2-38 Moose Boat Catamaran Waterjet Fire Rescue Boat in an amount not to exceed $1,202,347.24. The purchase and pricing are based on the United States General Services Administration (GSA) procurement program, in which the City participates. JPMorgan Chase Bank (Bank) will provide the financing terms, with the Bank expected to act as the lessor under the proposed equipment lease. The financing agreement is estimated at $1,500,000 over a 5-year period, inclusive of debt service.
BACKGROUND
The Fire Department's existing fire rescue boat, a 32' Harbor Guard Fire Hawk fireboat named "Deanna Jo", was purchased in 2012 and put into service in February 2014. The existing fireboat increased the Fire Department's pumping capacity from 500 GPM to 2,200 GPM and has served the City and regional partners for over eight years. Deanna Jo is the third fireboat to serve the City.
Alameda Fleet Services, in coordination with the Fire Department, is responsible for replaci...
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