Pittsburg County approves lease purchase for 2026 Armorlite dump trailer for District 3

The Board of County Commissioners of Pittsburg County approved a lease‑purchase agreement on Dec. 10, 2025, for one 2026 Armorlite belly‑dump trailer to be assigned to District 3. The motion to approve the lease documents was made and passed by the commissioners present (AYE: Charlie Rogers; Mike Haynes; Ross Selman absent).

The contract lists the equipment cost as $44,900 plus a $200 documentation fee, for a financed principal of $45,100 and a lease‑purchase price of $50,841 (Lease #131686). The monthly payment schedule attached to the lease shows a monthly installment of $847.35 and an interest rate of 4.81 percent; payments run on a schedule through December 2030. The payment schedule indicates the first monthly installment is due January 10, 2026. The lease states title remains with the lessor until the final payment is made and includes renewal options and an option to purchase once renewal options are exercised.

The lease requires the county to maintain the equipment and obtain fire and extended coverage insurance or provide proof of self‑insurance. The lease also contains a funding clause that makes the county’s payment obligations subject to annual appropriation: if sufficient funds are not appropriated, the county’s obligations may terminate.

Documents recorded with the lease show Irwin Trailer as the Lessor and Welch State Bank as the assignee of the lease payments. A certificate of acceptance included in the meeting record indicates the trailer description and confirms acceptance by the county for District 3.

The board recorded the approval as a formal motion and vote; the meeting adjourned after the board completed its agenda.