Exhibit 3
<br />Capital Replacement Items to be Financed with Equipment Certificates
<br />Estimated Current Projected
<br />Date Purchase Useful Replacement Replacemen
<br />Replaceme AssetDescription Acquired Price Life Cost Cost
<br />Fleet:
<br />Fire
<br />2013 Luverne Commander It truck 1250 GPM p 1987 153,461 20 500,000 530,500
<br />2017 1993 1250GPM Spartan Pumper 1993 236,430 20 500,000 597,100
<br />Police
<br />2011 2007 Ford Crown Victoria Squad 2006 28,053 4 31,400 31,400
<br />2011 2004 Chevy Impala 2004 23,155 6 28,600 28,600
<br />2011 2006 Dodge Charger- PS director 2006 25,938 5 28,600 28,600
<br />2011 2007 Chevy Tahoe - Sgt 2007 35,097 4 37,800 37,800
<br />2011 2007 Ford Crown Victoria Squad 2007 25,326 4 31,400 31,400
<br />2011 2007 Ford Crown Victoria Squad 2007 29,753 4 31,400 31,400
<br />2011 2007 Ford Crown Victoria Squad 2007 25,102 4 31,400 31,400
<br />Public Works
<br />2011 Elgin SE Street Sweeper 1997 93,531 12 158,538 226,100
<br />2011 Flatbed Truck-Ton and 1/2 - 17500 GVW 2000 51,058 10 66,693 89,700
<br />2012 Versa Vac Sewer Inductor 1997 96,270 15 250,000 257,500
<br />Non-Fleet:
<br />Fire
<br />2016 Self Contained Breathing Appratus 2001 74,035 15 165,000 191,300
<br />Police
<br />2011 mp5 machine guns (8) 2009 12 20,600 20,600
<br />2023 mp5 machine guns (8) 2011 12 20,600 29,400
<br />2013 Tactical Equipment 2003 5 20,000 21,300
<br />2018 Tactical Equipment 2013 5 21,300 24,6001
<br />2023 Tactical Equipment 2018 5 24,600 28,600
<br />2014 Taser X-26 2008 6 27,000 29,600
<br />2020 TaserX-26 2014 6 29,600 35,3001
<br />2015 Handguns all officers 2005 31,230 12 30,700 34,600
<br />2029 Generator 2004 53,363 25 54,000 92,000
<br />Public Works
<br />2013 2 Post A)de hoist 1992 20 42,200 44,900
<br />2015 Norton Saw 2000 7 5,100 5,800
<br />2015 Snowblower attachment for MT 2008 7 7,900 9,000
<br />2,488,500
<br />Year Fleet Non-Fleet Total
<br />2011 536,400 20,600 557,000
<br />2013 788,000 66,200 854,200
<br />2015 0 79,000 79,000
<br />2017 597,100 191,300 788,400
<br />2019 0 59,900 59,900;
<br />2023 0 58,000 58,000
<br />2029 0 92,000 92,000
<br />Total 1,921,500 567,000 2,488,500
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