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File #: RFD-173-17    Version: 1 Name:
Type: Request for Decision Status: Agenda Ready
File created: 6/28/2017 In control: Council
On agenda: 7/10/2017 Final action:
Title: Termination of Capital Equipment Purchase - Rotary Mixer and Reallocation of Capital Funds
Sponsors: Municipal Services
Attachments: 1. Request For Decision, 2. May 9, 2017 Request for Decision re: Motion 199/17, 3. April 25, 2017 Request for Decision re: Motion 169/17

Title

Termination of Capital Equipment Purchase - Rotary Mixer and Reallocation of Capital Funds

 

Proposed Motion

1. That Council rescind Motion 199/17, as a result Administration will terminate the purchase of a RM300 Rotary Mixer at a cost of $650,000 ($535,000 current taxes plus revenues of $115,000 from sale of assets).

2. That Council approve funds of $175,000 to fund equipment purchases recommended and the remaining funds of $360,000 be transferred to the Capital Vehicle and Equipment Reserve 8.15.