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Council approves lease‑purchase for Bearcat armored vehicle for police
Summary
The Colony approved a lease‑purchase agreement to acquire a Lenco Bearcat G2 Pro armored vehicle (about $343,002) with a 7‑year financing option to support SWAT and high‑risk operations; annual payments are budgeted in FY25‑26.
The Colony City Council voted to authorize a lease‑purchase agreement with Municipal Asset Management Inc. for a Lenco Bearcat G2 Pro armored security vehicle, with a not‑to‑exceed cost of $421,234.45 reflected on the agenda and an equipment price presented at roughly $343,002.11. The purchase would be financed through a 7‑year lease at an interest rate cited in the presentation (approximately 5.4%), producing a budgeted annual payment of about $60,001.76.
Police staff explained that the Bearcat is more maneuverable and suitable for city streets than a previously acquired MRAP and is intended to support SWAT team operations, high‑risk warrants and potentially patrol response when needed. Chief Foxall said the pro version includes scene lighting and an internal PA system for preprogrammed announcements to occupants during high‑risk operations.
Chief Foxall said the vehicle is budgeted in the adopted FY25‑26 budget and estimated delivery at 12–18 months if approved. Council discussion included mutual‑aid considerations and operational use; the council moved and passed the item.
