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Kennett council approves lease-purchase financing for waste facility and trucks
Summary
The Kennett City Council approved ordinances completing a lease-purchase financing with First State Bank to fund a waste management facility and trucks, a package the meeting described as $4,300,000 in financing; council approved both readings.
Kennett City Council voted to approve ordinances finalizing a lease-purchase financing with First State Bank to fund a facility and equipment to move the city into residential waste collection.
Council members said the financing package covers construction of a waste facility and purchase of collection trucks; the transaction amount discussed at the meeting was $4,300,000. The council approved the first reading,…
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