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Geneva County approves $579,600 lease for two new garbage trucks
Summary
The Geneva County Commission authorized a five-year lease with Cadence Equipment Finance to buy two 2026 Kenworth garbage trucks. The contract totals $579,600 at 4.84% interest with semiannual payments of $66,034.71; the commission approved a resolution to execute the contract.
Geneva County commissioners approved financing on Nov. 24 to acquire two new 2026 Kenworth garbage trucks through Cadence Equipment Finance.
County Attorney W. Phil Eldridge presented the terms of the financing agreement and asked the commission to adopt a resolution authorizing execution. Eldridge summarized the deal: "The total financed amount is $579,600.00 at 4.84% interest, a five-year term with ten semi-annual payments of $66,034.71." Commissioner Todd Brannon moved to adopt the resolution; Commissioner Jeff Hatcher seconded and the vote was 3-0 in favor.
The delivery order attached to the contract describes one 2026 Kenworth T880 with a refuse bed (VIN 1NKZLK0X5TR209711) and a second Kenworth T880 (VIN 1NKZLK0X7TR209712). The lease documentation included an Equipment Acceptance Certificate signed by Chairman John (Joby) May on Nov. 24, 2025, and contingency instructions for insurance, delivery and title; the financing schedule lists semiannual payments through Nov. 12, 2030.
Commissioners discussed selling retired trucks at auction and asked staff to solicit quotes; Engineer Justin Barfield said he had forwarded vehicle information to JM Wood and would pursue any guarantee they can offer. The lease resolution was approved during the Nov. 24 meeting and the county will execute required closing documents and insurance certificates before delivery.
Next steps: sign lease paperwork, provide required insurance and acceptance documents, and coordinate sale or disposal of older vehicles.
