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R92-05 AUTHORIZING AGREEMENT CAPITAL MACHINERY COMPANY
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R92-05 AUTHORIZING AGREEMENT CAPITAL MACHINERY COMPANY
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7/25/2016 11:30:44 AM
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7/25/2016 11:30:43 AM
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Resolution/Ordinance
Res Ord Num
R92-05
Res Ord Title
AUTHORIZING AGREEMENT CAPITAL MACHINERY COMPANY
Approved Date
1/6/1992
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� �a � � <br /> . , . <br /> AGREEMENT <br /> AGREEMENT made by and between the City of Decatur, Illinois, <br /> a municipal corporation ( "City" ) and Capitol Machinery Company <br /> ( "Capitol" ) . <br /> For and in consideration of the promises and obligations <br /> made and assumed hereunder, the City and Capitol agree as follows : <br /> 1 . The City shall purchase from Capitol one ( 1 ) <br /> Caterpillar model 120G Articulated Motor Grader, for the price <br /> listed on Exhibit A hereto as item #1 . Delivery shall be within <br /> six ( 6 ) months of the date hereof, and payment shall be made <br /> within one ( 1 ) week thereafter. <br /> 2 . At the end of either 5 , 000 operating hours or 5 years , <br /> whichever first occurs , Capitol shall repurchase said motor <br /> grader from the City for the sum of $72 ,000 . <br /> 3 . Equipment purchased under this agreement will be <br /> operated by the City for road and alley grading, ditching, <br /> embankment grading, 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 <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 . Capitol 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 />
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