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F . <br /> AGREEMENT <br /> AGREEMENT made by and between the City of Decatur, Illinois, a municipal <br /> corporation ("City") and Martin Equipment of Illinois, Inc. ("Martin"). <br /> For and in consideration of the promises and obligations made and assumed hereunder, <br /> the City and Martin agree as follows: <br /> 1. The City shall purchase from Martin one (1) 2005 John Deere model 670D !� <br /> Articulated motor grader for the price listed on Exhibit A hereto as item #1. Delivery shall be <br /> within four 4 months of the date hereof and a ment shall be made within one 1 week <br /> � ) � P Y � ) <br /> thereafter. <br /> 2. At the end of either 2,000 operating hours or 2 years, whichever first occurs, <br /> Martin shall repurchase said motor grader from the City for the sum of$119,300.00. <br /> 3. Equipment purchased under this agreement will be operated by the City for road <br /> and alley grading, ditching, embankment grading, snow removal and other purposes for which <br /> the equipment is designed. <br /> 4. The City will assume responsibility for all repair costs resulting from damage due <br /> to fire, windstorm, flood and rising waters, lighming, theft and pilferage, vandalism and <br /> accidents. Total cost of the repairs due to the above circumstances will not be included in <br /> computing the guaranteed maximum total cost of repairs covered under the contract. <br /> 5. Martin shall pay for all repairs (including parts and labor) to the equipment <br /> covered by the manufacturer's warranty, and those costs shall not be included in the total cost of <br /> repairs. <br />