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Jonesboro council approves two‑year lease for seven sanitation trucks
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Summary
The City Council approved a two‑year capital lease to acquire five automated side‑load Mac trucks, one Mac front‑load truck and one Freightliner rear‑load truck from River City Hydraulics, financed through Arvest Bank; staff said buyback value is typically about 55–60% after two years.
The Jonesboro City Council voted to authorize a two‑year lease to finance seven sanitation vehicles, city staff said Thursday.
Council members adopted Resolution 26031 after staff presented the financing arrangement to procure five Mac automated side‑load trucks, one Mac front‑load truck and one Freightliner rear‑load truck from River City Hydraulics, with the city to enter the lease through Arvest Bank. The resolution cites the 2026 budget as including lease obligations for this equipment.
At the council meeting, a member asked how much the vendor typically pays the city at lease-end. A city finance representative said the contracts are structured as capital leases in which the city takes ownership; vendors commonly execute buybacks and the typical return is about 55–60% of the purchase price after the two‑year period. Staff said the purchase schedule for this model of truck is part of a rotation that extends equipment life across six years.
The motion to adopt the resolution was made from the floor and seconded; council members cast their ballots and the mayor stated the measure carried.
The lease will allow the Sanitation Department to maintain its equipment rotation, staff said. The resolution authorizes the mayor and city clerk to execute documents necessary to effectuate the agreement.
No vote tally by name was recorded in the meeting transcript; the council chair announced the motion carried.
