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�e C p}_t�4fla y�r <br />a <br />os 5O« h <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br />MEMORANDUM <br />TO: Honorable Mayor and City Commissioners <br />VIA: Christopher J. Russo, City Manager <br />FROM: Fabricio Volpi, Public Works Superintendent <br />DATE: October 21, 2021 <br />RE: Approving Additional Cost of Vehicle from Altec Industries, Inc. <br />RECOMMENDATION: <br />Staff is recommending approval of the attached Resolution. <br />REASONS: <br />Altec industries is requesting a 2021 surcharge in the amount of $3,687.00 due to the industry increase <br />cost of steel. This is a widespread increase affecting not only commodities like steel, aluminum, resins <br />and petroleum-based products, but also manufactured components from industrial suppliers. Steel <br />futures indicate that prices will remain at elevated levels for the foreseeable future. <br />With this additional cost of $3,687.00 the total amount not to exceed will be $132,342.00. <br />FUNDING SOURCE: <br />Funds have been appropriated in account no. 110-5-5410-464200-00000. <br />ATTACHMENTS: <br />Resolution <br />Altec Industries Letter.pdf <br />4uote.pdf <br />Item Number: 10.1) <br />