HomeMy WebLinkAbout4.B.5. Re-purchase Agreement for the 2010 John Deere 1445 Mower y. � . S'
CITY OF SHAKOPEE
MEMORANDUM
TO: Mayor & City Council �� � ��� �
Mark McNeill, City Administrator
FROM: � Michael Hullander, Public Works Superintendent
DATE: March 6, 2012
SUBJECT: Authorize utilization of Re-purchase Agreement for Unit No. 135 a 2010 John Deere 1445
Mower from Ag Power Enterprises, Inc.
INTRODUCTION:
Public Works is requesting council authorize staff to utilize the 18 month re-purchase agreement for $5,890.95
(one new 2012 1445 Mower) from Ag Power Enterprises, Inc.
BACKGROUND:
Public Works has re-purchase agreements with Ag Power Enterprises, Inc. on three JD 5085 Tractors, three JD
1445 Mowers, one JD Gator and one JD 6430 Tractor. The 1445 Mower agreements are trade every 18 months
for $4,000.00 up to 275 hours and $8.00 per every additional hour after 275 hours.
Below is the agreement with costs to date, we estimate 10 additional hours.
Agreement with Ag Power Enterprises, Inc.
State bid #444451 for New 2012 John Deere 1445 Mower
Current hours: 454
-275
179 (+ 10 additional= 189 x$8.00) $1,512.00
. + $4,000.00
Current Total $5,512.00
Tax $ 378.95
Total cost of trade $5,890.95
ALTERNATIVES:
1. Authorize staff to utilize the re-purchase agreement with Ag Power Enterprises, Inc. on unit #135 a 2010
1445 Mower for the price of $5,890.95. .
2. Deny the request
3. Table for additional information
RECOMMENDATIONS:
Staff recommends alternative number one.
ACTION REQUESTED:
Authorize staff to utilize the re-purchase agreement with Ag Power Enterprises, Inc. on unit #135 a 2010 John
Deere 1445 Mower for the price of $5,890.95 with the funds to be expended from the Internal Service Equipment
Fund.
Michael Hullander
Public Works Superintendent ,