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Council authorizes $750,000 funding package to secure two automated garbage trucks
Junction City City Council · April 9, 2024
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Summary
Council authorized staff to pursue $750,000 in financing (recommended option) to cover two automated garbage trucks; staff said the funding secures purchasing flexibility while final truck selections return for council approval.
Council reviewed options to finance two automated garbage trucks needed to refresh the sanitation fleet.
Director Kevin outlined two financing proposals: Holman Capital (5.549% with $4,000 startup fee and roughly $130,000 annual payment) and Government Capital (7-year option at about 5.859% with a…
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