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CITY OF LA PORTE <br />January 14, 2004 <br />To: Steve Gillett, Director of Public Works <br />From: Lee Allen, Equipment Services Superintendent <br />Subject: 1995 Elgin Street Sweeper <br />Replacement Cost $149,544.00 <br />Funded to date $111,737.00 <br />Remaining to fund $37,807.00 <br />Cost estimate to build new hopper and door assembly $35,300.00 <br />Five (5) year annual lease estimates: <br />Government Capital Corporation $33,625.11 <br />$2,802.10 monthly <br />Federal Signal Corporation $34,049.74 <br />$2,837.48 monthly <br />Texas Capital and Associates $34,069.18 <br />$2,839.10 monthly <br />Current City of La Porte motor pool lease fee <br />$10,668.00 <br />$889.00 monthly <br />Motor pool lease fees based on five (5) year useful life <br />$28,920.00 <br />$2,410.00 monthly <br />Motor pool lease fees based on eight (8) years useful life <br />$18,072.00 <br />$1,506.00 monthly <br />Motor pool lease fees based on ten (10) year useful life <br />$14,460.00 <br />$1,205.00 monthly <br />Motor pool lease fees reflect $5000.00 salvage value. <br />