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Eclty1� ,.,�� Request for Action <br /> River <br /> To Item Number <br /> Mayor and City Council 4.4 <br /> Agenda Section Meeting Date Prepared by <br /> Consent August 5, 2013 Tina Allard, City Clerk <br /> Item Description Reviewed by <br /> Government Product Lease (postage machine) & Cal Portner, City Administrator <br /> Rental (postage meter) Agreement Reviewed by <br /> Tim Simon, Finance Director <br /> Action Requested <br /> Approve by motion the lease and rental agreement with Mail Finance,Inc.,for a postage machine and <br /> meter. <br /> Background/Discussion <br /> The lease for the current postage machine is due to expire in March of 2014. The city has the opportunity <br /> to participate in a Fast Forward Program,which gives us the ability to upgrade our equipment now with <br /> no financial penalty on our existing lease at the cost of$1. Neopost is on the State Contract for <br /> purchasing. <br /> Financial Impact <br /> Our current monthly payment will drop by$44.46 or 22% per month going from $197.67 to $153.21 over <br /> 60 months. <br /> Attachments <br /> ■ Mail Finance and Neopost Lease Agreements <br /> POWERED By <br /> AR <br />