At a council meeting, members approved the portion of minutes that ratified financing through Zions Bank for a 2026 International truck.
Council members said the bank’s interest-rate offer is fixed and would expire if not accepted promptly. “The interest rate is fixed. They can't wait until next week,” said Speaker 3, a meeting participant. Speaker 1, a council member, told colleagues that if the council delayed, “the 30 days the 38 days with the offer on the interest is up, and we'd have to start all over again.”
The motion approved only the segment of the Aug. 11 minutes that addressed the lease and financing for the vehicle; council members clarified they were not approving the entirety of the Aug. 11 minutes. Speaker 4 moved to approve that portion of the minutes; Speaker 1 seconded. When asked for a vote, unnamed members responded “Aye” three times and the motion carried.
Council discussion on the item focused on timing to preserve the bank’s offered rate and on the limited scope of the vote (approval of the minutes’ lease language rather than a new lease authorization). No additional financing details such as the interest-rate figure, the total principal amount, or final contract terms were stated in the recorded discussion.
The minutes action therefore formalizes that the council’s prior meeting included approval of the Zions Bank financing arrangement for the 2026 International truck, and it preserves the offered interest rate by accepting the minutes’ lease language before the bank’s deadline.
A reminder about an upcoming summer social was announced at the meeting’s close.