F-550 replacement 12/20/18
Project Description
and Cost Detail
Scope Described
This warrant article proposes to replace the existing
2012 Ford F-550 with a Dodge Ram 5500 chassis and to be up-fitted with a dump
body, plow and associated equipment to include a hydraulic sander. The existing
Ford F-550 has reached the end of its useful life and has seen significant
increase in maintenance costs. As well the existing plow is not considered
commercial grade and has experienced extensive repairs, the replacement
equipment is commercial and rated for municipal operations and verified through
recent best practices with similar municipal operations. The existing sander is
electric and the replacement will be hydraulic with all operations coordinated
through the new Dodge Ram 5500 cab.
Keeping the existing plow and equipment with the old
Ford F-550 insures the Village District of Eidelweiss will receive the highest
value on outright sale or trade-in for the existing vehicle to lower the
replacement cost of the F-550.
Cost Detail
truck $56,935
outfitting $43,680
Total $100,615
Use $15,000 CRF
-$15,000
Total to be raised $85,615*
Funding to be raised from a 5-year bank loan at 3.5%
interest with a first year’s payment of $19,000.00
Proceeds from Trade or sale of F-550 truck, plow and
sander will be placed into the Highway Equipment CRF.
All figures are from dealer quotation and equipment price from the supplier.