Packet: Tiffin City Council Work Session (08/05/2026)

July 28, 2026 Mr. Tyler Pedersen Push Pedal Pull Subject: Lease Proposal Applicant: Tiffin Recreation Center Tiffin, IA Equipment: Fitness Equipment Quote: 154942 Cost: $132,550.00 Term: 48 Months/48 Payments Structure: Lease Contract Frequency: Monthly Payments Payment: $3,149 Monthly (plus any applicable taxes)__________________________ End of Term: Push Pedal Pull takes ownership of the equipment. Quote: 154945 Cost: $120,265.00 Term: 48 Months/48 Payments Structure: Lease Contract Frequency: Monthly Payments Payment: $2,849 Monthly (plus any applicable taxes)__________________________ End of Term: Push Pedal Pull takes ownership of the equipment. Notes: This proposal is provided for loan application purposes only. Proposal is subject to application, approved and execution of mutually acceptable documentation. This proposal is an estimate only. Payments quoted are valid for 30 days and are subject to change thereafter. Sincerely, Dan Lynch President 221 2nd Street E. Hastings, MN 55033 T: 651.480.8070 F: 651.438.4188