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City of Lino Lakes - Capital Improvement Program <br /> <br />Capital Improvement Project <br />2023 through 2027 <br />PROJECT # CW-6 <br />PROJECT NAME: #142 Chipper <br />Project Year: 2024 <br />Department: Parks <br />Program: Citywide <br />Project Type: Machinery and Shop Equipment <br />Useful Life (Years): 13 <br />Contact Person: Public Services Director <br /> <br />Project Description: <br />2009 Vermeer BC1500 Chipper <br />Project Justification: <br />Purchased in 2009 and now with over 1200 hours of operation on the equipment it has met is useful life in the Public <br />Works Feet. It is show signs of age after 15 years of service and is in need of replacement. <br /> <br /> <br />Funding Sources FY2023 FY2024 FY2025 FY2026 FY2027 Total <br />Capital Equipment Revolving Fund (402) $0 $109,000 $0 $0 $0 $109,000 <br />Total $0 $109,000 $0 $0 $0 $109,000 <br />Expenditures FY2023 FY2024 FY2025 FY2026 FY2027 Total <br />Capital Equipment $0 $109,000 $0 $0 $0 $109,000 <br />Total 0 $109,000 $0 $0 $0 $109,000 <br />37