I. Council Action Requested.
Title
To approve the purchase of three (3) of the currently leased Kona electronic vehicles from Rowe Ford for an approximate total of $68,446, trade-in of one (1) leased Kona electronic vehicle and one (1) Nissan Leaf electronic vehicle, and the lease of two (2) new Ioniq 5 SE AWD Long-Range electric vehicles for 36-months for an approximate total of $13,600, all paid from the capital reserve account 19300-46990, and to authorize the town manager to take any necessary action related thereto.
Body
II. Basis for Council Action.
Council approval of this item is required because;
a. The Council has the authority to enter into contracts as the legislative body of the town pursuant to Article II, Section 3(I) of the Charter.
III. Issue Summary.
Cost of charging the vehicles is offset by the power generated by our new solar array.
Electric Cars Lease to Purchase:
2021 Hyundai Kona EV Limited cars we are wishing to retain:
• KM8K33AG8MU129238 - Purchase Price $22,932.20 (lease ends June 2nd)
• KM8K33AG9MU122511 - Purchase Price $22,790.95 (lease ends May 25th)
• KM8K33AG4MU126191 - Purchase Price $22,723.10 (lease ends June 2nd)
Electric Cars to Return/Trade:
• 2021 Hyundai Kona EV Silver - KM8K33AG6MU115578 (return)
• 2017 Nissan Leaf - 1N4BZ0CP1HC305871 (sell/trade value $5,000)
Electric Cars to Lease:
• Ioniq 5 SE AWD Long-Range - VIN TBD - For use by Town Manager’s Office
• Ioniq 5 SE AWD Long-Range - VIN TBD - For use by Planning Department