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Commission declines vendor fleet-lease proposal after risk concerns
Summary
After a vendor presentation outlining an equity-lease fleet option and projected multi-year savings, the Duchesne County Commission voted to decline the agreement, citing long-term financial risk and the need to preserve flexibility for future budgets.
The Duchesne County Commission voted on March 30 to decline a vendor’s proposed fleet-management and equity-lease agreement after a lengthy presentation and questions from commissioners.
A company representative (presenter, speaker 5) described a master equity-lease that would keep title with the vendor during the financing term while passing equity and resale proceeds to the county. The presenter said counties can pay cash, finance, or mix payment approaches and that a standard…
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