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Bannock County approves lease-purchase for five patrol vehicles; annual payment listed at $18,002.25, interest rate pending
Summary
Commissioners approved a lease-purchase agreement with Bancorp for five patrol vehicles (Chevy Tahoes) with an annual periodic payment of $18,002.25; the interest rate is not yet known and will be set when paperwork is completed.
The Bannock County Board of Commissioners voted to accept a lease-purchase arrangement with Bancorp for patrol vehicles, approving what the transcript identifies as a lease for Chevrolet Tahoes. The motion to accept the lease with Bancorp was made and carried by voice vote.
During discussion staff or a board member read an annual periodic payment amount: "For periodic payment annually…
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