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NB *T Surplus Vehicle 2021 Ford F150 Super Cab (VIN # 1FTEX1CB4MFB30130) WHEREAS, the Town Engineering Department budget includes updating the fleet annually to reduce overall vehicle operational costs and it is best practice to replace the 2021 F150 4x2 Super cab before additional maintenance is needed. Replacing assets while they have a higher value has a significant reduction in yearly expenditures; and WHEREAS, taking advantage of the State Bid Award allows the Town to recover a significant portion of the vehicle’s remaining market value and reinvest those funds into a replacement vehicle. Delaying this would expose the Town to additional depreciation, maintenance costs, and reduce the trade-in value as the vehicle accumulates additional mileage and age; and WHEREAS, trading this vehicle while it still holds significant resale value (current trade-in value quoted at $18,000 from Delacy Ford) allows us to apply that value toward the purchase of a new model, therefore offsetting a portion of the acquisition cost. The vehicle will also be put out to auction, which will likely increase the trade value; and WHEREAS, regularly replacing older vehicles in favor of new ones helps the Town decrease long-term maintenance and repair costs, improve vehicle reliability, and reduce the risk of unexpected budget impacts from major breakdowns, ensuring safe and responsible fiscal decisions. This proactive approach will allow the Town to greater offset the $42,500 budgeted cost to ensure the best use of taxpayer money. NOW, THEREFORE be it RESOLVED, that the Town Board does hereby declare the 2021 F150 Super cab (VIN# 1FTEX1CB4MFB30130) as a surplus vehicle and authorize the sale of this vehicle or trade in, whichever is of higher value, as recommended by the Town Engineer.