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Pueblo County approves financing for road reclaimer; board OKs schedule to 2019 master lease
Summary
The Board approved execution of Schedule 5 to an existing master equipment lease to finance a road reclaimer, with a 10‑year term, a stated interest rate of 4.11% and a fully financed amount cited during the meeting.
Pueblo County commissioners approved a resolution on June 10 authorizing Schedule 5 to a master equipment lease to finance the purchase of a road reclaimer the county plans to use to rehabilitate local roads.
Finance staff said the financing package carries a 4.11% interest rate for a 10‑year term. The county’s finance director said annual payments will be about $338,000, with a single half‑year payment of $169,020.25 in 2025 because the schedule…
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