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Custer County authorizes lease‑to‑purchase agreement for road scraper
Summary
Commissioners authorized a lease‑to‑purchase financing agreement for a road scraper through UBB Bank and recorded the machine details in the minutes so the chairman may sign loan documents when they arrive.
The Custer County Board of Commissioners on Oct. 22 authorized execution of a lease‑to‑purchase agreement for a road scraper and recorded authorization for the chairman to sign financing documents when they are finalized.
County staff said the seller delivered a bill of sale and county staff recorded the machine serial number and payment terms; the board clarified this is a lease‑to‑purchase arrangement rather than an outright purchase. The financing institution named in the meeting was UBB Bank.
"I make a motion that Bill Kanda signs the lease agreement for the scraper from UBB Bank," a commissioner said during the meeting; the motion was seconded and the commissioners voted to authorize execution. (The minutes and the meeting record show the motion and the vote; recordkeeping uses the spelling variations in the transcript.)
Staff said the clerk will include in the meeting minutes that the chairman is authorized to sign loan documents when they arrive and that county staff will return the signed bill of sale once purchase paperwork is complete. No payment schedule was read into the record during the public meeting.
The board described the transaction as a favorable deal and said county staff and the seller are expediting final paperwork.
