HomeMy WebLinkAbout4.C.2. Authorize Utilization of Re-purchase Agreement for Unit No. 134-John Deere Tractor from Ag Power Enterprises L I .c.a
CITY
MEMODU CONSENT
TO: Mayor & City Council
Mark McNeill, City Administrator
FROM: Michael Hullander, Public Works Superintendent
DATE: September 4, 2012
SUBJECT: Authorize utilization of Re- purchase Agreement.
ACTION SOUGHT:
Authorize staff to utilize the re- purchase agreement with Ag Power Enterprises, Inc. on unit #134 a 2011 John
Deere 5085 Tractor for the price of $4,723.88 with the funds to be expended from the Internal Service Equipment
Fund.
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 5085 Tractor agreements are trade every 18 months
for $4,000.00 up to 250 hours and $12.00 per every additional hour after 250 hours.
Below is the agreement with costs to date, we estimate 20 additional hours.
Agreement with Ag Power Enterprises, Inc.
State bid #443206 for New 2012 John Deere 5085 Tractor
Current hours: 265
-250
15 (+ 20 additional = 35 x $12.00) $ 420.00
+ $4,000.00
Current Total $4,420.00
Tax $ 303.88
Total cost of trade $4,723.88
ALTERNATIVES:
1. Authorize staff to utilize the re- purchase agreement with Ag Power Enterprises, Inc. on unit #134 a 2011
5085 Tractor for the price of $4,723.88.
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 #134 a 2011 John
Deere 5085 Tractor for the price of $4,723.88 with the funds to be expended from the Internal Service Equipment
Fund.
Michael Hullander
Public Wor Sup�den�