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AGENDA ITEM #9.2 <br /> City of iiii <br /> Pequot <br /> Lakes=—= <br /> _. <br /> REPORT TO CITY COUNCIL <br /> Report Prepared by: Rich Spiczka <br /> Date: June 7th, 2022 <br /> Subject: Capital Asset Reallocation <br /> Report: The Public Works department is looking to sell some equipment and <br /> purchase other equipment that will be of more use. The goal is to redistribute our <br /> assets into items of greater need. A brief explanation of the proposed plan: <br /> SELL <br /> *2015 Mack Snowplow/Dump Truck Approx value $91,000 <br /> *2008 Ford F350 Approx value $15,000 <br /> *Salt/Sand spreader Approx value $2,000 <br /> BUY <br /> *2015-ish Landscape Truck Approx $30,000 <br /> *Landscape truck accessories Approx $10,000 <br /> *New Mower Approx $18,000 <br /> *Street Sweeper Approx $30,000 <br /> *Air Compressor(shared w/water) Approx $20,000 <br /> In the event that prices don't watch our current research, we would ONLY <br /> purchase up to the amount collected in the sale proceeds, so at minimum this <br /> would be budget neutral. <br /> Council Action Request: Council Motion approving the capital asset reallocation <br /> plan. <br />