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Orting to pursue state financing for Vactor and street sweeper after bids exceed budget
Summary
Public works staff told council the combined price for a Vactor and street sweeper exceeded the $710,000 budget and asked permission to begin a state credit application; council agreed to proceed and to return with purchase approvals when financing and delivery timing are confirmed.
Public Works staff reported to the Orting City Council that quotes for a new Vactor (sewer vacuum truck) and a street sweeper exceeded the city’s current combined budget for the two vehicles.
Budget gap and financing: staff said the combined budgeted amount in the capital plan was $710,000 but that the actual quotes for chassis and upfits totaled $1,045,028.48. To avoid a single-year cash hit to the water, sewer and storm funds, staff recommended using the Washington State local financing program administered by the State Treasurer’s Office; that program can provide lower interest rates and spread…
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