MEMORANDUMEquipment Lease Purchase Agreement • December 15th, 2022
Contract Type FiledDecember 15th, 2022This equipment is essential in providing versatile ways of excavation for City projects, which will ultimately result in time and cost savings. The equipment is being purchased from GS Equipment, Inc. pursuant to the Florida Sheriffs Association & Florida Association of Counties Bid Award FSA20-EQU18.0 and financed through Leasing 2, Inc. Due to the increased cost for heavy equipment over the last few years, the City’s equipment replacement fund has not been able to keep up with the increased demand, thereby resulting in insufficient funds to directly purchase the Gradall excavators.