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Zamboni <br />Replacement <br />2026 thru 2030 <br />Capital Improvement Plan <br />Elk River, Minnesota <br />Project #FTC-27 <br />Project Name Zamboni Replacement <br />Contact Multipurpose Facility Supt.Department FTCenter <br />Type Equipment Category Equipment <br />Status Active Useful Life 10 years <br />Description <br />Zamboni #2 replacement for improving service reliability once Zamboni #2 reaches end of service life. <br />Zamboni will have a modest trade-in value. The Zamboni #1 had a trade in value of $35,000 in 2023. <br />Zamboni #1 was replaced in 2023 and was purchased using an intergovernmental fund loan from the Vehicle Replacement Fund. <br />The new #2 Zamboni balance post trade-in will be financed through an intergovernmental loan over a 10-year amortization schedule at the market interest rate. <br />Justification <br />The timely replacement of Zamboni #2 improves the service reliability once Zamboni #2 reaches end of service life. <br />Funding Sources 2026 2027 2028 2029 2030 Total <br />Interfund Loan 0 250,000 0 0 0 250,000 <br />Total 0 250,000 0 0 0 250,000 <br />Produced Using Plan-It CIP Software Page 86 of 312