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EQUIPMENTAPPROVED

Sun 'N Lake of Sebring Improvement District Board Meeting Minutes May 2026

Board Approves Three-Year EZ-GO Golf Cart Lease

$250,000 buy back of current fleet; $176,000–$177,000 annual payments for three years; total contract cost approximately $528,000–$528,825; $1,000 buyout optionSun n Lake of Sebring Improvement DistrictEZ-GOMay 5, 2026

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Description

The Sun 'N Lake of Sebring Improvement District Board approved a three-year lease contract with EZ-GO to replace the golf cart fleet, including a $250,000 buyback of 100 existing carts and annual payments of roughly $176,000–$177,000, for a total cost of about $528,000. The agreement includes a $1,000 buyout option at the end of the lease and maintains district insurance coverage while EZ-GO manages repair-related claims.

Contract Details

Contract Amount

$250,000 buy back of current fleet; $176,000–$177,000 annual payments for three years; total contract cost approximately $528,000–$528,825; $1,000 buyout option

Vendor

EZ-GO

Agency

Sun n Lake of Sebring Improvement District, FL

Contract Type

EQUIPMENT

Document Date

May 5, 2026

Contract Term

3-year lease with $1,000 buyout option at end of lease

Renewal Info

Three-year lease with option to purchase fleet for $1,000 at the end of the term; no explicit renewal options described.

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Sun 'n Lake of Sebring Improvement District Board Meeting Agenda May 2026

Sun n Lake of Sebring Improvement District (Florida)$250,000 buy back of 100 carts and annual payment of $177,000 for three years (total $528,825)May 5, 2026

Sun 'N Lake of Sebring Improvement District Board of Supervisors Meeting Minutes 2026-05-05

Sun n Lake of Sebring Improvement District (Florida)$528,825 total (annual payments of approximately $176,000 for three years, $250,000 buyback, $1,000 buyout option)May 5, 2026

Sun ‘N Lake of Sebring Improvement District Board of Supervisors Meeting Minutes 2026-05-05

Sun n Lake of Sebring Improvement District (Florida)$528,825May 5, 2026

City of California City Council Agenda February 2026

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Issuing Agency

Sun n Lake of Sebring Improvement District

Utility District

Sebring, FL

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Vendor

EZ-GO

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$525K MAX cost (includes a 10% contingency), with a $225K RPAC grant to augment costsJune 2, 2026

Sun 'N Lake of Sebring Improvement District Board of Supervisor Meeting Agenda 2026-06-02

Sun 'N Lake of Sebring Improvement District Agenda Packet 2026-06-02

Sun 'n Lake of Sebring Improvement District Board Meeting Agenda May 2026

$250,000 buy back of 100 carts and annual payment of $177,000 for three years (total $528,825)May 5, 2026

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