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Council discusses Dodge lease buyout and possible budget allocation for vehicle
Summary
Council members discussed an upcoming lease expiration for a Dodge vehicle on Dec. 1 and possible buyout options; staff will bring payoff documents when available and council suggested budgeting about $50,000 as a placeholder.
Bryce Canyon City staff told council members the lease on a Dodge vehicle expires Dec. 1 and that the leasing company will provide payoff documents a few months in advance. Staff said the transcript did not include an exact buyout figure; council members discussed budgeting a placeholder amount (one member suggested roughly $50,000) and noted the original purchase price was $68,000.
Why it matters: The city must decide whether to purchase the vehicle at lease-end, renew a lease or replace the vehicle, which affects the capital vehicle budget and future maintenance planning.
What was discussed: Staff reported the lease company would send buyout details in advance; the caller who contacted staff was identified only by role in the transcript. Councilmembers debated whether to purchase the vehicle and discussed budget language to include a placeholder amount for next year’s budget. One councilmember noted the early-year payments applied toward the vehicle over the five-year lease and that a complete payoff could be substantial.
Next steps: Staff will obtain the payoff documentation from the leasing company when it is available and present options to the council for purchase or replacement; the council indicated it will include a placeholder amount in the budget and discuss at upcoming budget meetings.
Provenance: Vehicle lease buyout discussion appears in the transcript between roughly 00:11:02 and 00:12:50.
