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El Campo council approves purchase and financing of used BOMAG reclaimer for street repairs
Summary
The City of El Campo authorized purchase of a 2022 BOMAG reclaimer/mixer for street reclamation and approved bank financing through First State Bank of Louise at a 4.45% fixed rate after a councilmember declared a conflict and abstained from a revote.
The El Campo City Council on Oct. 27 authorized staff to purchase a used 2022 BOMAG reclaimer/mixer and to secure financing through First State Bank of Louise at a fixed 4.45% interest rate for a multi‑year term.
City staff said the unit carries about 1,300 operating hours and carries a total purchase price of approximately $238,252, which includes transportation. Staff contrasted that price with a new machine, which would cost about $605,000, and said the city intends to finance the acquisition…
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