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could occur by the annual payment amount over four (4)fiscal yearsbeginning October 1, 2018 of <br />$55,688.70 or a one-time payment of $214,600.00, which would save the City in finance charges. If <br />Council decided to move forward with one-time payment option in order to save money on the financing <br />charges, annual lease fees could be set-up in FY2018-19 or the following year to begin saving for the <br />future replacement of the 2019 carts. This option would require an increase in the current proposed <br />budget to the golf course of $214,600 if the Council wished to begin the saving for future replacement <br />in FY19 or an increase of $154,600 in FY19 with annual lease fee payments to be discussed in next <br /> <br /> <br />Action Required by Council: <br />Consider approval or other action replacing the seventy four (74) 2015 cars currently in operation with <br />the purchase of the 2019 Yamaha model golf cars utilizing BuyBoard Contract 529-17. <br />Approved for City Council Agenda <br />Corby Alexander, City Manager Date <br /> <br />