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Moline council approves six-year agreement to buy three Lifepak 35 monitors, two power-load systems
Summary
Council approved a six‑year conditional sale agreement with Flex Financial (Stryker Sales) to buy three Lifepak 35 cardiac monitors and two power-load systems for roughly $323,217 plus interest (total $363,224.94) and service coverage.
The Moline City Council voted Wednesday to authorize the fire chief to enter a short-form conditional sale agreement with Flex Financial, a division of Stryker Sales LLC, to acquire three Lifepak 35 cardiac monitors and two power-load systems with a six-year service agreement.
The amended resolution specifies a purchase price of $323,216.65 plus interest for a total contract amount of $363,224.94. The council approved the amended motion by roll call.
Why it matters: The Fire Department said the existing monitors were purchased in February 2013 and are no longer serviceable; Stryker informed the city it will no longer service the older units. The new monitors are capable of 12-lead diagnostic tests and the purchase includes service coverage and power-load systems for ambulance installations.
Details from the meeting - Contract term and cost: Six‑year conditional sale with a service plan; stated purchase price $323,216.65; amended total with interest $363,224.94. - Annual payments: Staff said the financing equates to just over $60,000 per year for six years. The department has been reserving roughly $60,000 per year since about February 2021 to cover these planned purchases and related air-pack replacements. - Rationale: The department reported Stryker notified the city it would no longer service monitors purchased in 2013, and the department needs devices that are serviceable and compatible with current equipment. - Procurement details: Staff said Stryker provided the previously quoted price using an earlier interest rate; the vendor updated the rate downward, reducing the interest cost slightly.
Council action and comments Alderman Schmidt made the amended motion to approve; Finch seconded. Councilors commended the department for planning and saving funds in anticipation of these purchases. The measure passed by roll call (motion carries).
Ending City staff said the payments will be covered from a budget line item to which the department has been contributing since 2021.
