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Commission recommends $140,125 purchase of CAT 420 backhoe, approves trade-in financing
Summary
Grosse Hill Township Public Services Commission voted to recommend the township board approve purchase of a CAT 420 backhoe-loader for $140,125.26 through Sourcewell financing with Michigan CAT trade-in credited; commissioners discussed procurement method, vendor familiarity, and a five-year financed purchase at a 5.49% rate.
The Grosse Hill Township Public Services Commission voted to recommend the township board approve the purchase of a new CAT 420 backhoe-loader at a total cost of $140,125.26, with the existing unit declared surplus and credited as a trade-in to Michigan CAT.
The recommended procurement used Sourcewell, a national cooperative purchasing contract, which staff said allows the township to buy off a competitively solicited federal contract. The commission voted to forward the purchase recommendation to the township board by voice vote.
Derek, township manager, explained the financing: "The interest rate through CAT is 5.49%. It's over a 5-year…
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