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Gladwin council approves $540,500 purchase and USDA financing for new sewer cleaner
Summary
The Gladwin City Council approved purchase of a 900‑ECO combination sewer cleaner (purchase price $540,500) and authorized USDA financing for the $540,000 balance with a capped interest rate of 4.125% and a repayment term not to exceed 10 years.
The Gladwin City Council on April 7 approved acquisition of a new 900‑ECO 12‑yard truck‑mounted combination sewer cleaner and authorized financing through the U.S. Department of Agriculture.
Treasurer Angela Bigham presented two related resolutions: a Purchase Contract with Fredrickson Supply LLC and a Note Agreement to assign financing to the U.S. government under Act 99 (P.A. 1933). The Purchase Price in the contract is…
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