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Perkins approves up to $77,000 in bonds or lease for sewer-jetter purchase

3294965 · May 14, 2025
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Summary

City commission and Perkins Public Works Authority authorized issuing bonds or entering a lease-purchase agreement not to exceed $77,000 to acquire a sewer-jetter, and waived competitive bidding for the financing instrument.

The Perkins City Commission and its Public Works Authority approved motions authorizing issuance of bonds, notes, or a lease-purchase agreement in an amount not to exceed $77,000 to finance the purchase of a sewer-jetter machine. The commission also approved waiving competitive bidding for the issuance or lease obligations.

Staff said the item revises prior agenda language after the bank submitted a lease agreement rather than a loan and noted city attorney involvement. "We did this we did a similar thing last month. We had agenda language to take on credit to get a loan. When the bank submitted the paperwork to us, it was a lease agreement," staff member Bob said.

Motions on the city agenda and matching motions on the Perkins Public Works Authority agenda passed unanimously. The action was recorded in multiple resolutions (including Resolution 8-2025 and Resolution 9-2025) authorizing the incurrence of indebtedness or a lease-purchase agreement for up to $77,000 to acquire the equipment.