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The Finance Director, Ron Neufeld will be in attendance at the City Council meeting to <br /> answer any questions of the City Council on this item. <br /> BUDGEUTIME IMPLICATIONS: <br /> Since there are not adequate funds in the Equipment Replacement Fund, to make the <br /> annual payment of$148,544.28, the payments will have to come from the General Fund. <br /> Since the first payment will not be made until September 1, 2012, it will be included in <br /> the FYI budget. There is no impact on this year's budget. <br />