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Council approves John Deere tractor purchase, to use vehicle reserve CD and water bond funds
Summary
Village approved purchase of a John Deere tractor (dealer quote $68,789) with a $10,000 trade‑in; council voted to cash a vehicle CD (~$20,640) at maturity and use Water Bond money to cover the remainder.
Council members approved replacing a nearly 30‑year‑old DPW/water tractor to avoid escalating repair costs and to reduce reliance on outside contractors. Quotes presented were $68,789 for a John Deere and $89,210 for a Kubota; the John Deere dealer offered a $10,000 trade‑in on the old unit.
Council member Mike Mumper said the village has approximately $20,000 in the vehicle reserve and planned to use a maturing CD (about $20,640) plus Water Bond funds to cover the balance. Mumper moved to purchase the John Deere and the motion passed. The council then took a separate roll call vote to cash the vehicle CD at maturity for $20,640 to apply to the purchase; that motion passed 4–0.
Minutes record the financial plan (trade‑in, use of reserve and bond funds) but do not include detailed amortization or the exact final contract price beyond the quoted dealer amount and the CD value.
