Submitted By: Julie Johnson
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Presentation By: Julie Johnson
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Department: Recreation and Parks
FORMAL TITLE:
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Resolution 2026-12 authorizing the City Manager, Assistant City Manager or Chief Financial Officer to execute Lease-Purchase Agreements with PNC Equipment Finance, LLC, for 82 new golf carts and one new beverage cart for Ocala Golf Club in an amount not to exceed $566,238
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OCALA'S RELEVANT STRATEGIC GOALS:
Quality of Place, .
PROOF OF PUBLICATION:
N/A
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BACKGROUND:
Ocala Golf Club is a City-owned 18-hole golf course managed by Indigo Sports, LLC (formerly Billy Casper Golf). Indigo Sports, LLC, is contractually obligated to procure all equipment necessary for the normal course of operation of the Golf Club, including golf cart leases, in accordance with the Annual Budget presented to the City of Ocala as part of the City's annual budget process. When the City of Ocala is named as a party to contracts related to such procurements, City approval is required.
Ocala Golf Club maintains a fleet of 82 golf carts and one beverage cart. The current EZ-Go golf cart lease-purchase agreements with PNC Equipment Finance, LLC (Lease Nos. 1154950-2 and 1154950-3) will expire on April 15, 2026. E-Z Go has committed to repurchasing the golf carts and beverage cart at the conclusion of the current lease term.
FINDINGS AND CONCLUSIONS:
Indigo Sports, LLC, obtained quotes from multiple golf cart manufacturers using their national discount contracts. Quotes received for the acquisition of a new fleet of carts for Ocala Golf Club under a 48-month lease-purchase, each with a guaranteed buyback provision at the end of the lease term, are as follows:
Manufacturer
Monthly Lease Payment
EZ GO
$7,484.12/month
Club Car
$7,491.54/month
Yamaha
$7,742.00/month
Based on the Golf Cart Lease Analysis prepared by Indigo Sports, LLC, acquisition of the fleet through E-Z-GO represents the best value for Ocala Golf Club, based not only on the lowe...
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