You also need to take the transformer from the old treadmill, the control board (not the one that is the user interface) and the motor. The motor usually has a flywheel but is not needed, just remove it ( it unscrews) All the control boards I have looked at are well labeled so its not hard to wire it up. A 10 ohm rotary pot is needed to control the speed. Most treadmills use a slider speed control that is located on the user interface board. Richard you can find control boards on e-bay for around $100. What kills most of the treadmills is the user interface board has a battery on it. They corrode and ruin the board. Those are expensive to replace so off to the dump they go.
10K is way up north in Western Washington. If you go up to visit him, pick me up on your way.
Mark T