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EQUIPMENT LOAN AGREEMENT <br />BETWEEN THE CITY OF LINO LAKES AND THE CITY OF ORONO FOR USE BY <br />THE ORONO FIRE DEPARTMENT <br /> <br /> <br />This agreement (“Agreement”) is made and entered into by and between the City of Lino <br />Lakes, Minnesota (the “Lender”) and the City of Orono, Minnesota (the “Borrower”). <br /> <br />1. Loaned Equipment. In exchange for good and valuable consideration, the sufficiency and <br />receipt of which is hereby acknowledged, the Lender agrees to loan the following <br />equipment (the “Equipment”) to the Borrower: <br /> <br /> Vehicle Vin Description <br />a. Tender 2 #610 1FDYS82A3NVA08424 1992 Ford/ Toyne Tender <br /> <br />2. Fees. The fee shall be $2,000 per month paid by the Borrower for the use of the <br />Equipment. <br /> <br />3. Term. The Borrower shall be entitled to use the Equipment until December 31st, 2024 or <br />until the Lender recalls the Equipment or the Borrower returns the Equipment, whichever <br />date is the earliest. The Lender may recall the Equipment at any time with a 30-day notice. <br />The Lender and any officer, employee or agent of the Lender may not be held liable for <br />recalling the Equipment. <br /> <br />4. Inspection, Maintenance, and Return of Equipment. The Borrower is responsible for <br />scheduling and any fees associated with Emergency Apparatus Maintenance (“EAM”) <br />performance of a vehicle inspection, pump certification prior to sending it to the Lender, <br />and must return the Equipment in the same condition in which it was received, except <br />normal wear and tear. Any Equipment using fuel or other fluids must be returned with the <br />same level of fuel that the Equipment had when loaned to the Borrower. The Borrower is <br />responsible for any repairs and deficiencies found during the EAM inspection and pump <br />certification not identified on the previous report from EAM on the equipment. The <br />Borrower is responsible for removing any and all graphics that were added to the <br />equipment, if any, prior to returning the Equipment to the Lender. <br /> <br />5. Routine Maintenance. The Borrower is responsible for any routine maintenance required <br />to operate the Equipment while in the Borrower’s possession. Routine maintenance would <br />include fuel, lubricants, fluids, repair of a flat tire, and other items that are typically <br />incidental to the use of the Equipment. <br /> <br />6. Trained Personnel. The Borrower agrees that only trained personnel shall be allowed to <br />operate the Equipment. <br /> <br />7. Transportation. The Borrower shall be responsible for transporting the Equipment to and <br />from the Borrower’s location. <br /> <br />77 of 99