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Council approves $759,799.60 financing and purchase of two garbage trucks
Summary
Junction City authorized borrowing $759,799.60 to finance two replacement garbage trucks and approved purchasing two demo trucks from General Equipment at the same price; the financing arranges a seven‑year payment schedule at 6.119% and staff said the trucks are available now.
The Junction City Council approved a financing resolution and a purchase authorization totaling $759,799.60 on May 14 to replace end‑of‑life sanitation trucks.
Staff presented a borrowing resolution with Coleman Capital to finance two garbage trucks at a proposed interest rate of 6.119% over seven years, producing an annual payment in the range discussed by staff. Administrator and Public Works staff explained the financing would align with the sanitation fund budget; the city had originally budgeted roughly $135,000 per year for such a capital purchase and the proposed annual payment is consistent with that appropriation.
Director Kevin and staff reported that two demo trucks from General Equipment were available and field testing had begun on one unit. The council first approved the borrowing resolution and then moved to purchase the trucks from General Equipment for $759,799.60, authorizing the public works director to sign purchase documents. Staff noted the old trucks will be held temporarily for testing and then offered for public auction.
