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AGENDA ITEM #10.8 <br /> City of <br /> Pequot <br /> Lakes= - <br /> REPORT TO CITY COUNCIL <br /> Report Prepared by: Angie Duus <br /> Date: January 4, 2022 <br /> Subject: Request to Complete Financing Application for Plow Truck <br /> Report: The Approved 2020 budget authorized the purchase of a Plow Truck. <br /> The truck was ordered in the beginning of 2021 and is anticipated to be delivered <br /> the end of January or early February 2022. Attached is financing recommendations <br /> from Jason Murray at David Drown Associates. <br /> Council Action Requested: Council motion to authorized City Staff to complete <br /> the attached loan application through Minnesota Rural Water Association for the <br /> purchase of the snowplow truck in the amount of$175,000. <br />