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Road and Bridge weighs buying graders vs. leasing as five machines come off lease in February
Summary
Road and Bridge staff told commissioners that five leased motor graders will come off lease in February and presented options including a lower monthly lease, a higher monthly lease that allows buyout for $1, and bank financing or a line of credit; staff will return with formal proposals.
Road and Bridge staff told the Board of County Commissioners at a budget hearing that five motor graders will come off lease in February, and the department presented leasing and purchasing options that would affect next year’s budget. The decision matters because whichever financing path the county chooses will change the department’s ongoing lease payments and its capital profile: staff said one option would continue a lower monthly lease payment (about $4,000 per machine) while another option would increase the monthly payment (about $6,240 per machine) and permit purchase of all five…
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