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Commission tables $1.14M balloon payment on public‑works equipment; requests written condition and financing analyses
Summary
The board postponed a decision on a balloon payment and purchase of twelve Caterpillar machines due Jan. 26, 2026, and asked staff to obtain written condition reports, warranty and training proposals from Ring Power and to explore financing and bank options before a specially advertised meeting next week.
The Gadsden County Board of County Commissioners on Wednesday deferred a decision about whether to purchase 12 pieces of Caterpillar equipment subject to a $1,143,000 balloon payment due Jan. 26, 2026, opting instead to request additional written analyses and hold a special public hearing to decide.
Staff described the package as 12 units purchased under a prior lease with a balloon payment roughly $1.14 million due next year. The recommended path from staff was to exercise the purchase option and…
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