Title
Resolution to Amend the Fiscal Year 2022 Council Approved Budget to Appropriate $3,000,000 from the Solid Waste Management Fund Unrestricted Net Position to the Solid Waste Management Fund’s Operating Budget to Fund Replacement Cost for Solid Waste Vehicles and Equipment
Purpose
PURPOSE/BACKGROUND:
The purpose of this resolution is to authorize funding to purchase eleven (11) new Solid Waste vehicles and related equipment (collectively, the “Vehicles”): four (4) Automated Refuse Trucks; four (4) Knuckle Boom Trucks; two (2) Rear Loaders; and one (1) Tractor-Trailer with a Walking Tipping Floor. Replacement of aging vehicles and the purchase of the Vehicles is critical to the day-to-day operations of the Hampton Public Works - Solid Waste Division (the “Division”) and their ability to provide City services.
Due to the rising cost of raw steel, it would benefit the City of Hampton to purchase the new Vehicles now versus risking substantial increases in the future. Raw Steel prices are increasing up to 15% every three (3) months. In order to expedite the purchase order of the Vehicles, a transfer from the Solid Waste Management Fund Unrestricted Net Position to the Solid Waste Management Fund’s operating budget is required.
Discussion:
The average useful life of the Division vehicles and equipment is 7 years and several have passed this age. Vehicles and equipment past their life cycle cost more in maintenance than those vehicles and equipment within their life cycle. The 11 vehicles identified as being critically in need of replacement this year will improve the daily operations in providing services to our citizens and reduce maintenance costs.
Impact:
The use of those funds will enable the Division to provide more efficient and reliable services to the citizens of Hampton.
Recommendation:
Rec
Approve
Body
WHEREAS, the Hampton Public Works - Solid Waste Division (the “Division”), has identified eleven ...
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