10-15-85 CCM - Laserfiche WebLink

Home Browse Search

LAKE ELMO CITY COUNCIL MINUTES OCTOBER 15, 1985 PAGE 7 was necessary on this request. D. Other 6. CITY COUNCIL REPORTS A. Stillwater Area Chamber of Commerce - St. Croix Growth Inc. Councilmember Mazzara and City Administrator Overby attended a Business and Industrial Development Symposium on October loth in Stillwater. A new group called St. Croix Growth Incorporated has been formed to promote business, commercial, industrial and residential development in a target area bounded by the north limits of Stillwater, I-94 on the south, the west limits of Grant Township and the City of Lake Elmo, and the St. Croix River on the east. There was discussion on what cities can and cannot do, resources available, tax increment financing and Stillwater development. B. Other CITY ADMINISTRATOR'S REPORT A. Review Bids for Loader Dan Olinger explained that out of the five bids received, the Clark unit from Road Machinery and the Trojan unit from Minneapolis Equipment are being considered. The Trojan bid is $73,682 with 10 1/4% interest and the Clark bid is $76,576 with 8% simple interest which figures out to a $7,OOO difference in the total price. The Clark does meet the specifications for the engine size and transmission. The Trojan has an air-cooled diesel motor. Olinger suggested purchasing the wing separate so he can redo the speefications to fit our needs. Olinger felt that the Viking wing is more suitable, heavier built, has a trip mechanism, and the desired hydraulics. Olinger had talked to the Crysteel Corp. and will be able to purchase the wing without the installation for $9,500. They can look at installing the wing themselves or having Novak Inc. install it because they do an excellent job. Novak did offer a 5 year lease purchase program with the installation for $12,700, and payments of $299.96 per month for 60 mo. with a $10 buy out at the end of the lease. The total expenditure for over five years is $18,000. Dunn stated that if we can pay for it out of present resrves, we certainly should do it. Mazzara explained his second to the motion based on the cost difference between the front-end loaders and the familiarity that the Maintenance Foreman has had with the Clark machine. M/S/P Christ/Mazzara - to award the contract for $93,360 on a 60 month lease for the purchase of a 1984 Clark 75C front end loader to Road Machinery & Supplies Co. (Motion carried 4-0).