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El Campo council approves purchase and 7-year financing for used BOMAG reclaimer
Summary
The El Campo City Council approved buying a 2022 BOMAG reclaimer mixer for street reclamation and authorized financing through First State Bank of Louise at a 4.45% fixed rate for up to seven years; staff said in-house use will save an estimated $4 million versus contracting the work.
EL CAMPO, Texas — The El Campo City Council on Oct. 27 approved the purchase of a gently used 2022 BOMAG reclaimer mixer and authorized financing through First State Bank of Louise at a 4.45% fixed interest rate for a 7-year term.
City staff said the machine was quoted at $238,252 including transportation — the agenda listed a $235,000 purchase price — and reported the model has roughly 1,300 operating hours. Staff noted a comparable new machine would cost about $605,000. "This is what we use in our full depth reclamation where we take the material we already own and we use that proprietary mix of stabilization and bring it back to brand new,"…
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