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 #060920-CRN to enter into a seven (7) year lease for five (5) 2024 Crane Carrier LET2-46 Crew Cab 32 yards Refuse and Recycling Trucks (without tippers) with a $1.00 buyout at the end of the lease. Entity Name: Appolonia, Inc., d/b/a Air Brake and Equipment Entity Address: 225 US Route 22, Hillside, New Jersey 07205 Contract Amount: Not to exceed $3,247,995.24 Funding Source: 2023 Budget/Bus. Unit: 011, Dept.: 060, Div./Project 0605, Account #71940, Budget Year: B2023 Contract Period: Upon approval by the Municipal Council for a seven (7) year lease 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: This Cooperative Purchasing Agreement will provide for the use of Sourcewell Cooperative Contract #060920-CRN to agree to a seven (7) year lease for five (5) 2024 Crane Carrier LET2-46 Crew Cab 32 yards Refuse and Recycling Trucks (without tippers) with the buyout option of $1.00 at the end of the lease for the City’s Department of Public Works.