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Commission reviews lease‑purchase documents for two skid steers; equipment cost $184,222 and 36‑month financing proposed
Summary
County staff presented final lease‑purchase documents for two skid steers, quoting an equipment cost of $184,222 and a 36‑month financing term at roughly 4.37% interest, and asked the commission to authorize the chair to sign.
County staff told the commission they had received complete lease‑purchase documents from Commerce Bank and the equipment vendor after awarding the low bid for two skid steers to Clayton Holdings.
The staff presentation said total equipment cost is $184,222 and the county is being offered a 36‑month payment schedule with an interest rate given in the documents at about 4.37 percent. Staff said Commerce Bank prepared the paperwork quickly after the county notified the bank that Clayton Holdings was the low bidder.
Why it matters: the county intends to finance capital equipment for public works (road and bridge) through a lease‑purchase arrangement; commissioners were asked to authorize the chair to sign the loan/lease documents so the county can take delivery and begin payments.
A resolution contained in the submitted documents (referred to in the meeting as resolution 2025‑010 or the equipment authorization resolution) was before the board; a commissioner moved and another seconded to authorize the chair to sign the documents. The transcript records the motion and second; it does not record a roll‑call or the final outcome in the provided excerpt.
Ending: staff and commissioners asked to review the documents and sign the required paperwork; follow‑up will confirm the final execution, payment schedule and whether the county elects any early‑payoff options specified in the agreement.
