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of Mounds view Staff <br />Item No: 06.6 <br />Meeting Date: September 11, 2017 <br />Type of Business: Council Consent <br />Administrator Review: 4— <br />To: Honorable Mayor and City Council <br />From: Mark Beer, Finance Director <br />Item Title/Subject: Resolution 8821, Approving a Lease Agreement with <br />Neopost/Mail Finance for a Postage Machine <br />The current 5 year postage machine lease expires at the end of September and we will need <br />to renew our lease prior to then. Neopost currently holds the state contract for postage <br />machines thus we would get their best price. Neopost is recommending we use the same <br />capacity machine we currently use. They have updated the model we currently use but no <br />significant changes to how the machine functions. The proposed lease rate is $151.69 per <br />month and that price includes maintenance and repairs during the term of the lease. <br />Recommendation: <br />Staff recommends approval of a lease agreement for a new postage machine through <br />Neopost. This purchase will come out of budget number 100-4160-4010 Rental Equipment <br />and will be paid quarterly. <br />Respectfully submitted, <br />Mark Beer <br />