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f <br /> . , f� � � -� � <br /> f <br /> . ' <br /> AGREEMENT <br /> AGREEMENT made by and between the City of Decatur, <br /> Illinois, a municipal corporation ("City") and Capitol <br /> Machinery Company (��Capitol") . <br /> For and in consideration of the promises and <br /> obligations made and assumed hereunder, the City and Capitol <br /> agree as follows : <br /> 1 . The City shall purchase from Capitol two (2) <br /> 1996 Caterpillar model 924F diesel powered endloaders for <br /> the price listed on Exhibit A hereto as item #1 . Delivery <br /> shall be within two (2) months of the date hereof, and <br /> payment shall be made within one (1) week thereafter. <br /> 2 . At the end of either 5, 000 operating hours or 5 <br /> years, whichever first occurs, Capitol shall repurchase said <br /> endloaders from the City for the sum of $100, 000 . 00 . <br /> 3 . Equipment purchased under this agreement will be <br /> operated by the City for alley grading, repair, maintenance, <br /> construction, stock piling, clean-up, snow removal and other , <br /> purposes for which the equipment is designed. I'� <br /> 4 . The City will assume responsibility for all <br /> repair costs resulting from damage due to fire, windstorm, li <br /> flood and rising waters, lightning, theft and pilferage, I� <br /> vandalism and accidents . Total cost of the repairs due to <br /> the above circumstances will not be included in computing <br /> the guaranteed maximum total cost of repairs covered under <br /> the contract . <br />