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Shakopee City Council
August 2, 2017
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| | | | | | | | | FROM: | Michael Hullander | | TO: | Mayor & City Council |
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| | | | | | | | Subject:
Re-purchase Agreement for Tractor | | |
| | | | | | | | Policy/Action Requested:
Approve use of re-purchase agreement for unit #172 a John Deere 5085 tractor from Kibble Equipment for the price of $6,540.00. the funding to be expended from the Surface Water Fund. | | |
| | | | | | | | Recommendation:
Recommend approval. | | |
| | | | | | | | Discussion:
The re-purchase agreement with Kibble Equipment, formerly Ag Power Enterprises, Inc., on the John Deere 5085 tractor is at two years for $4,000.00 up to 250 hours and $12.00 for every additional hour thereafter. Unit #172 currently has 292 hours and staff is estimating an additional 28 hours before re-purchase for a price of $4,840.00. There is an additional cost of $1,700.00 for removing and re-installing the La-forge front mounted power take-off and three point hitch for a total cost of $6,540.00. Staff allocated $7,500.00 in the 2017 Capital Equipment Budget for this purchase. Funding for this purchase comes from the Surface Water Fund. | | |
| | | | | | | | Budget Impact:
Funding to come from the Surface Water Fund. | | |
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