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<br />MEMO <br /> <br />Date: <br /> <br />2 May 2007 <br /> <br />To: <br /> <br />Dallas Larson, City Administrator <br />Paul Palzer, Public Works Director/Building Official~ <br /> <br />From: <br /> <br />Re: Replace two 2005 Chevy pickups <br />I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I <br />I have received a quote for a new 2008 Ford F250 4x4 extended cab long box truck with <br />a V-I 0 and 5 speed automatic transmission. Enclosed is the build out with the features of <br />the truck. The cost for these trucks is $22,640.00 plus tax and license. The dealer, Elk <br />River Ford is willing to give the city $17,500.00 trade-in on our current 2005 Chevy <br />trucks that have 5,xxx and 7,xxx miles on them. Actually resale value is probably higher, <br />but the work truck market is currently not strong. The original cost of the 2005 Chevy <br />trucks was $22,942.00 plus tax and license. <br /> <br />If the city chooses to trade the current trucks for the new 2008 Fords. our total cost will <br />have been $6,034.00 per truck for two years with a new basis in the 2008 Fords of <br />$23,010.00. <br /> <br />The other option would be to put the current trucks out for bid on ebay or similar and try <br />to receive more than $18,800.00 to break even on the equivalent trade-in scenario. <br />Current Kelley blue book is $21,135 to $24,500.00 for these Chevy trucks. <br /> <br />1/3 <br />