R2001-179 ACCEPTING THE BID - Laserfiche WebLink

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AGREEMENT AGREEMENT made by and between the City of Decatur, Illinois, a municipal corporation("City") and Martin Equipment of Illinois, Inc. ("Martin"). For and in consideration of the promises and obligations made and assumed hereunder, the City and Martin agree as follows: 1. The City shall purchase from Martin one (1) 2001 John Deere 410G diesel powered backhoe for the price listed on Exhibit A hereto as item #1. Delivery shall be within forty-five (45) days of the date hereof, and payment shall be made within one (1) week thereafter. 2. At the end of either 5,000 operating hours or 5 years, whichever first occurs, � Martin shall repurchase said backhoe from the City for the sum of$40,000.00. � 3. Equipment purchased under this agreement will be operated by the City for � sidewalk replacement, sewer repairs, watermain repairs, other miscellaneous excavations, minor li ditching, snow removal and other purposes which the equipment is designed. 4. The City will assume responsibility for all repair costs resulting from damage due � to fire, windstorm, flood and rising waters, lightning, theft and pilferage, vandalism and � accidents. Total cost of the repairs due to the above circumstances will not be included in computing the guaranteed maximum total cost of repairs covered under the contract. �i 5. Martin shall pay for all repairs (including parts and labor) to the equipment covered by the manufacturer's warranty, and those costs shall not be included in the total cost of repairs. ',