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Lawrence board approves lease-purchase financing for vehicles, including first EV
Summary
The board approved Resolution 6 20 25 to authorize execution of lease-purchase agreements (master lease no. 10837) to finance municipal vehicles; Huntington Bank described the financing as loan-like and one vehicle will be the department's first electric vehicle.
The Lawrence Board of Public Works and Safety voted Dec. 15 to authorize execution of lease-purchase financing for municipal vehicles under master lease agreement number 10837.
Captain Trace Cantrell told the board the agreements cover several vehicles the department is acquiring, noting the department solicited price quotes and that there are two…
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