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The 2002 state contract quote is as follows: <br /> <br /> Bobcat loader (S250 Model) $ 23,626.00 <br /> Less trade in value on last year’s 873 model ($20,626.00) <br />Sub Total $ 3,000.00 <br />Sales Tax $ 195.00 <br /> TOTAL $ 3,195.00 <br /> <br />This amount represents a one-time cost of $1,000 to upgrade from the 873 to the <br />S250 model. The remaining amount of $2,000 (excluding sales tax) is the annual <br />replacement cost. A total amount of $5,000 was budgeted in 2002 for the <br />replacement of the two skid steer loaders. If approved, the total replacement cost <br />of both skid steer loaders, including the upgrade to the S250 model and tax, is <br />$4,792.50. <br /> <br />Similar to the 773 model loader that was replaced in March, this loader will, if <br />approved, be purchased under state contract and will retain a full one-year <br />warranty. <br /> <br />Recommendation: <br />Staff recommends that the City Council approve the purchase of a S250 Model <br />Bobcat skidsteer loader, to be purchased under state contract in the amount of <br />$23,626.00 and approve the trade in of the 873 Model Bobcat skidsteer loader <br />currently owned by the City at a credited value of $20,626.00. Including tax, this <br />represents a total cost of $3,195.00. <br /> <br /> <br />Respectfully Submitted, <br /> <br /> <br /> <br />Greg Lee, Director of Public Works <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />