Dept/ Agency: Administration/ Division of Central Purchasing Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Cooperative Purchasing Agreement Purpose: To authorize the use of Sourcewell Cooperative Contract #011723-JDC to purchase of one (1) 2024 John Deere 544 P Wheel Loader at $278,860.00 and enter into a five (5) year lease for four (4) 2024 John Deere 544 P Wheel Loader with a $1.00 buyout at the end of the lease for the Citywide cleanup and snow detail. Entity Name(s)/Entity Address(s): Jesco, Inc., 18 St Nicholas Avenue, South Plainfield, New Jersey 07080; and Deere Credit, Inc. d/b/a John Deere Financial Lease, 6400 NW 86th Street, Johnston, Iowa 50131 Contract Amount: Not to exceed $1,533,992.60 Funding Source: 2024 Budget/Department of Water and Sewer Utilities/NW038-800-8007-94340-2024/Capital Outlay Contract Period: Commencing upon a date to be established for a one-time purchase of one (1) Loader and five (5) year lease for four (4) Loaders Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a Additional Information: Resolution 7R1-c(AS), adopted on April 20, 2022, the Municipal Council authorized membership in the Sourcewell Cooperative. This Cooperative Purchasing Agreement will purchase wheel loaders for all City Departments.