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Bannock County approves five-year lease with option to buy for landfill compactor
Summary
Bannock County commissioners approved a five-year lease-with-option-to-buy for a $600,000 landfill compactor after staff described high wear on equipment and warranty history that can offset financing costs. Lease paperwork will be finalized later and includes a balloon payment option at term end.
Dylan Evans, line flow manager, told the Bannock County Board of Commissioners the county needs a new compactor for landfill Cell 4 and presented a purchase agreement that will be executed as a lease with an option to buy.
Evans said the equipment is listed at roughly $600,000 and staff expect to finance it through CAP Financial. Commissioners and staff noted an estimated $83,000 in interest over the lease term and an interest rate…
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