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Kanarraville board approves financing plan to replace failing backhoe
Summary
At an Oct. 16 emergency meeting, the Kanarraville Town Board approved financing to replace a failing backhoe after members agreed to a $20,000 down payment, trade-in of the old unit and a roughly 2½-year loan to cover remaining costs; vote was by voice and detailed tallies were not recorded in the transcript.
Kanarraville Town Board members approved a plan Oct. 16 to replace a broken backhoe, opting to trade in the old unit and finance the remainder rather than pay for repairs.
Speaker 1, a town board member, said the existing backhoe needed roughly $8,000 in repairs but that Century/Case Equipment had offered $42,000 in trade‑in value toward a listed $107,000 replacement, leaving about $65,000 to finance after trade. The board proposed a $20,000 down payment and financing through Century Equipment for about 2½ years, with an estimated monthly payment near $1,000 and a $250 prepayment penalty if the loan is paid off early.
Speaker 3, a board member, said she could provide the $20,000 down payment by reallocating funds from a culvert budget line whose bid came in lower than expected, leaving approximately $65,000 in culvert funds after prior approvals. Board members discussed that the old machine had hydraulic leaks, loose pins and a worn rear end, and they said those defects made further investment unwise.
Speaker 1 and other members said the replacement model chosen matched the town’s needs and that the market created urgency: a contractor up north lost a contract and returned many machines, so used backhoes at attractive prices could move quickly. Speaker 2 noted the town has financed equipment through Century Equipment before.
Speaker 2 moved to proceed with the purchase and financing plan “as stipulated in the last few comments,” and Speaker 3 seconded. The board approved the motion by voice vote; the transcript records Speaker 1 saying “Aye,” but it does not provide a full roll‑call tally. The motion’s outcome: approved (voice vote; detailed tally not specified). Johnson was absent for the meeting.
The emergency meeting then was closed by motion and approved by voice vote. The board recorded the meeting duration as about 6 minutes and 45 seconds.
The board’s action authorizes staff to complete financing and take the stated trade‑in and down‑payment steps; the transcript does not specify contract numbers, lender paperwork details, the final APR, or an exact payment schedule. Those implementation details were not provided in the meeting record and remain to be finalized by town staff.
