Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Capital Equipment topic
No spam. Unsubscribe anytime.
Michiana Council approves purchase of replacement tractor, to use maturing CD and water bond funds
Summary
Council approved buying a John Deere tractor (purchase recorded at $68,787) using a vehicle CD maturing in May ($20,640) and Water Bond funds ($38,149); Council recorded a $10,000 trade-in value and said no budget amendment is required.
The Council discussed replacing an aging Department of Public Works tractor that is nearly 30 years old. Two quotes were presented: a John Deere for $68,789 and a Kubota for $89,210. The Council approved the John Deere purchase (the motion as recorded in the minutes lists $68,787) and agreed to use a vehicle CD maturing at the end of May for $20,640 plus Water Bond funds for the remainder; no budget amendment was required, according to Council remarks. The seller offered a $10,000 trade-in on the old tractor.
Council additionally approved a motion to cash out the vehicle CD when it matures at the end of May to apply the funds to the purchase; that cash-out motion passed by roll-call vote (4 ayes, 0 nays). The selected tractor will include a backhoe attachment to support DPW and Water Department needs and reduce outside excavation costs.
