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Council authorizes $750,000 funding package to secure two automated garbage trucks
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 $7,000 buy fee and roughly $132,215 annual payment). Staff recommended option 1 and sought council authorization to secure funding of $750,000 to cover a truck and a near-term replacement. "We looked at options to fund $750,000," Kevin said, explaining the package would allow staff to procure an available used/demo truck or to place an order (new trucks can carry 18-month lead times).
Councilors questioned whether the city could get by with one truck for now; staff said it was possible but opportunistic procurement favored securing both if available. The council voted to approve option 1 to pursue the financing; staff clarified that actual truck purchases will return to council for separate authorization once specific vehicles are identified.
Next steps: staff will secure the financing authorization, continue vehicle searches and present purchases to council for final approval when trucks are identified.
