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Minutes of the Regular Meeting of Council <br />Monday, February 25, 2019 <br />Page 9 q , <br />Council President Saponaro asked, what date is the agreement, to be clear? <br />Mr. Wynne replied, we signed the agreement on December 8, 2010. Once they purchased the <br />solar panels, installed them and they were up and running, then the lease kicked in. We started <br />on May 1, 2012. <br />Council President Saponaro stated, thank you. Does anyone have any questions regarding this? <br />There were none. <br />ROLL CALL: AYES: All <br />NAYS: None <br />Motion Carried <br />Expenditure Authorized <br />Motion to authorize the Mayor and President of Council to enter into a 60-month <br />lease with Neopost USA for digital mailing system, including equipment <br />maintenance, rate change protection, installation and training at $419.34 a month. <br />(Finance Department) <br />Mrs. Mills, seconded by Mr. Marquardt, made a motion to authorize the Mayor and President of <br />Council to enter into a 60 month lease with Neopost USA for digital mailing system, including <br />? equipment maintenance, rate change protection, installation and training at $419.34 a month. <br />(Finance Department) <br />Council President Saponaro asked, discussion? <br />Mr. Wynne stated, again on this, the lease for the current equipment expires on March 19, 2019. <br />This is State contract pricing. We looked at the option to enter into a new lease or buy out the <br />existing equipment. The cost to buy out the existing equipment plus the maintenance contracts <br />on it over a 60-month timeframe ended up being $4,400 more than the cost of the new lease so <br />we decided to go with the new equipment. The price of $419.34 a month is $11.47 more per <br />month than what we were currently paying for the current equipment. <br />Council President Saponaro asked, does anyone have any questions regarding this? <br />There were none. <br />ROLL CALL: AYES: All <br />NAYS: None <br />Motion Carried <br />Expenditure Authorized <br />. 1Vlotion to acknowledge receipt of financial reports for January 2019 and to approve <br />of same as submitted. (Finance Department) <br />Mrs. Mills, seconded by Mr. Marquardt, made a motion to acknowledge receipt of financial <br />reports for January 2019 and to approve of same as submitted. (Finance Department) <br />Council President Saponaro asked, discussion? Does anyone have any questions on this?