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ELK RIVER ARENA <br />1000 SCHOOL STREET P.O. BOX 720 <br />ELK RIVER, MN 55330 <br />(612) 441 - 2956 * FAX (612) 241 - 9432 <br /> <br />TO: Mayor and City Council <br /> <br />FROM: Rich Czech, Elk River Arena Manager <br /> <br />DATE: September 28, 1998 <br /> <br />SUBJECT: Selling of existing dehumidifiers <br /> <br />Attachments: <br /> <br />· Sale agreement for the purchase of the dehumidifiers <br />· Memo from Nelson and Rudie and Associates <br />· Insurance Certificate from Commercial Refrigeration <br /> <br />Overview <br /> <br />As you are aware of the Arena will be installing a new dehumidifier and heater unit this <br />fall. The existing dehumidifiers will no longer be needed and can be sold. I have <br />discussed the resale value of these units with Nelson Rudie and Associates and Mutners <br />Dehumidifiers. The dehumidifiers in the Arena sell for about $9,000.00 each when new. <br />The resale value of the units according to the two companies would be about 20% to <br />25%, of the purchase price of new units, which is about $4500.00 for both units. Mark <br />Rodorigo from Commercial Refrigeration has agreed to purchase both units for <br />$10,000.00 this is a little over 55% of what the units sell for when new. He has also <br />agreed to remove the units from the Arena at his own expense. <br /> <br />Recommendation <br /> <br />I recommend that the City Council approve the sale of the two dehumidifiers to <br />Commercial Refrigeration for $10,000.00 as stated in the agreement. <br /> <br /> <br />