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Resolution - Parks & Recreation Bobcat Exchange
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INFORMATION CONTACT:
Jim Chaffin, Parks & Recreation, Director, 704-283-3881
ACTION REQUESTED:
Adopt a resolution authorizing the exchange of personal property.
PRIOR BOARD ACTIONS:
None.
BACKGROUND:
Union County currently owns a Bobcat S250 skid steer loader purchased in 2005, which is actively used by the Parks & Recreation Department. Due to the machine's age and the rising costs associated with its maintenance, the department is requesting to replace the existing Bobcat with a new 2025 Model S650 T4 skid steer loader.
As part of this replacement process, Parks & Recreation is seeking approval to exchange the current Bobcat S250 pursuant to N.C.G.S. 160A-271. The County will receive the current fair market value of the Bobcat, less the cost of an outstanding work order, as trade-in value for the new Bobcat. This exchange will reduce the overall purchase cost charged to the department’s budget. Details regarding the purchase price, trade-in value, and the final net price are included in the attached resolution.
FINANCIAL IMPACT:
The total cost for the new 2025 Model S650 T4 Skid Steer Loader, after applying the trade-in allowance for the existing Bobcat S250, will be $48,737.44. Funds for this purchase are appropriately budgeted within the Parks & Recreation Department’s current budget.