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Board approves three-year financing agreement for two dump trucks at $136,163.56 per year
Summary
Commissioners approved a financing agreement with Kansas State Bank to support a previously awarded lease package for two municipal dump trucks; the agreement fixes three yearly payments of $136,163.56.
The Leavenworth County Board of Commissioners approved a financing agreement with Kansas State Bank for two dump trucks previously awarded under a competitive lease package.
County staff said vendors bid replacement dump-truck packages as a government lease program after market prices doubled, making outright purchases more costly. The agreement does not change the previously approved lease cost; the board approved a secondary finance agreement required by the bank. Staff said the trucks are already in county use and that the government lease package includes warranty and guaranteed replacement benefits that reduce maintenance volatility.
The motion approved financing structured as three annual payments of $136,163.56. County staff said leasing allowed more predictable budgetary costs and stabilized delivery times compared with prior multi-year backlogs.
Ending: The board approved the Kansas State Bank financing agreement and directed staff to complete the required documentation for the lease payments to proceed.
