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� �� � a -9 � <br /> AGREEMEIVT <br /> AGREEMENT made by and between the City of Decatur, Illinois , <br /> a municipal corporation ( "City" ) and Martin Equipment Company of <br /> Illinois , Inc. ( "Martin" ) . <br /> For and in consideration of the promises and obligations <br /> made and assumed hereunder, the City and Martin agree as follows : <br /> l . The City shall purchase from Martin one ( 1 ) <br /> 1992 John Deere model 644E diesel powered endloader for the <br /> price listed on Exhibit A hereto as item #1 . Delivery shall be <br /> within four ( 4 ) months of the date hereof, and payment shall be <br /> made within one ( 1 ) week thereafter. <br /> 2 . At the end of either 2 ,000 operating hours or 2 years , <br /> whichever first occurs , Martin shall repurchase said endloader <br /> from the City for the sum of $85 , 000 . <br /> 3 . Equipment purchased under this agreement will be <br /> operated by the City for sidewalk replacement , sewer <br /> repairs , watermain repairs , other miscellaneous excavations , <br /> minor ditching, snow removal and other purposes for which the <br /> equipment is designed. <br /> 4 . The City will assume responsibility for all repair ' <br /> costs resulting from damage due to fire, windstorm, flood and I <br /> rising waters , lightning, theft and pilferage, vandalism <br /> and accidents . Total cost of the repairs due to the above <br /> circumstances will not be included in computing the guaranteed <br /> maximum total cost of repairs covered under the contract . <br /> 5 . Martin shall pay for all repairs ( including parts and <br /> labor) to the equipment covered by the manufacturer' s warranty, <br /> and those costs shall not be included in the total cost of <br /> repairs . <br />