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Council approves purchase of sewer lateral camera using equipment bond, contingency and street funds
Summary
Council authorized buying a sewer lateral camera from EJ Equipment and agreed to fund it with a mix of the 2023 capital equipment bond ($345,318.19), the city contingency ($83,747) and Public Works streets fund ($8,812); some councilors voiced concerns about draining contingency late in the year.
The Virginia City Council approved Nov. 10 the purchase of a sewer lateral camera from EJ Equipment and a funding plan that draws on three sources to pay cash for the purchase.
Under the approved plan staff will use $345,318.19 from the 2023 capital equipment bond, $83,747 from the city contingency fund and $8,812 from the Public Works streets fund to cover the cost. Finance staff said paying cash is preferable to leasing or bonding and that using the 2023 bond funds also avoids potential arbitrage…
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