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Michiana approves purchase of replacement tractor, will use maturing CD and water bond funds
Summary
The Village of Michiana voted to buy a John Deere tractor (vendor price ~$68,787) to replace a nearly 30-year-old unit, using a maturing vehicle CD and water bond funds to cover the cost; motions to purchase and to cash the CD passed.
Council member Mike Mumper said the village has been saving to replace an almost 30-year-old tractor and presented two quotes: a John Deere for about $68,789 and a Kubota for about $89,210. The John Deere vendor offered a $10,000 trade-in on the old tractor; council has roughly $20,000 in vehicle reserves and a vehicle CD due to mature at the end of May.
Mumper proposed buying the John Deere and using the CD proceeds ($20,640 when it matures) plus water bond funds to cover the balance. Mike Mumper moved to purchase the John Deere for approximately $68,787 and Mike Botelho seconded; the motion passed. Mumper then moved to cash the vehicle CD at maturity to apply the proceeds to the purchase; Botelho seconded and a roll call vote was recorded 4 ayes, 0 nays.
The council discussed delivery lead times (the tractor could take three to six months to arrive) and noted the vehicle will include a backhoe attachment to allow in-house digging of water lines rather than hiring outside contractors. The purchase was described as a capital replacement funded without a midyear budget amendment.
The council did not provide additional line-item budget amendments at the meeting; staff will coordinate payment from the vehicle reserve, the maturing CD and the water bond as discussed.
