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City approves three‑year lease purchase for 10 police vehicles
Summary
The board authorized a lease‑purchase agreement with Simmons Bank to acquire and upfit ten police vehicles. The 3‑year lease carries an interest rate of 3.2% and annual payments of $197,983 (total $593,948). The ordinance (Bill 66‑12) passed final reading by roll call 6–0.
Allison presented the lease purchase agreement for the police department to acquire ten vehicles, including upfitting, under a three‑year lease with Simmons Bank at 3.2% interest. The annual payment was presented as $197,983 and the total lease value as $593,948. The board approved the first reading, then moved to final reading and approval on a roll call vote; the final recorded vote was 6–0 in favor.
Staff noted the purchases were included in the 2025 budget and that vehicles will be added to the fleet once procurement and upfitting are completed.
