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Stonewall council clarifies police-vehicle financing to include taxes, approves purchase
Summary
Stonewall council amended a financing resolution so the loan documents match the invoice including taxes and approved financing for two police vehicles through Pagoda Bank.
During the Town of Stonewall organizational meeting, council considered an amendment to resolution R-2025-13 to add tax line items to the invoice amounts for the purchase of two police vehicles. Staff explained the original invoice had not included taxes; because taxes must be paid up front and the bank required the amount to match the invoice, the resolution was amended to reflect the full invoice including taxes.
A motion to approve the financing terms for the purchase of two police vehicles through Pagoda (referred to in the meeting as Pagoda Bank) was made by Councilman Shelton, seconded, and carried by voice vote.
Quote: "This amendment is simply to clarify that to make the two amounts equal and be the same," town staff said explaining why the change was needed.
Practical effect: the town authorized the financing and the related budget amendments so the procurement and delivery of two new police vehicles can proceed.
