[RivCompanions] Vote needed

[Susie Danielsson]

Dear All,
This is going only to the professed voting members (I think) plus Bp Barry,
who is interested in what we are doing.

The consensus seems to be that we should buy the new Kabota tractor.  I've
been in to the dealer again this morning and talked with Tim Vaughn who
seems to be the one person who isn't trying to sell me the biggest, best
tractor, and who is friendly in our small town way, answers all my
questions, and is just a nice guy.

Oh, by the way, I had a brain phart when I gave you all the first quote on
the L4600.  It is actually $24,860 after the $1000 cash discount. I
subtracted rather than added. <blush>

So, the L3800 is a bit smaller in horse power and it comes with a 5' front
loader rather than a 6'.  It will still do the work we need.  Powerful
enough to grade the lane of all the pot holes and ruts.  It will pull a 6'
brush hog and it does not have cruise control.

The L3800 seems to be just right for our needs and the cost, tax-exempt and
with the cash discount is $20,945.00.  That's a significant difference!

I propose we purchase the L3800 taking an internal loan from the
Development account, repaying it over five years as if we were getting
financing from Quarles Kabota. We could include the $1,000 discount as
interest.  That would be a monthly payment to ourselves of $365.75. Of
course, if anyone wants to pay into it that would help.

If you remember from the financial report (I didn't, why would you?) we
have an outstanding loan balance for the cottages of $53,883.52, although
that doesn't include the June payment. There is also an outstanding loan
balance of $5200 on loan B.  We will have a balance in the Development
account of $15,121.00 after taking the $20,945.

*My motion is to buy the Kabota L3800 at a cost of $20,945.00 using the
Development account funds, to be repaid monthly over 5 years at $365.75 per
month.  *

We are desperate now that we've had rain to get working!  Please vote ASAP
by replying to this email. Please do not reply to me personally.  The whole
Community of professed members should see the vote.

Much love,
Susie
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