Millville to seek iBank assistance and hire Triad to help apply for $500,000 Vactor truck

The commission discussed a resolution to authorize preparation and submission of an iBank application for a Vactor truck and to enter a professional services agreement with Triad to assist with the application and related paperwork.

Commissioners and staff said the truck—described in meeting remarks as a roughly $500,000 piece of equipment—would replace a 20-year-old unit and is needed for stormwater and sewer maintenance. Streets/roads staff said the city should have two Vactor trucks and that the existing vehicle is unreliable. "Our current Vactor is 20 years old... sometimes it's got one little foot in the grave and one little foot with a Band‑Aid on it," a department speaker said.

Procurement and scope: commissioners clarified the resolution authorizes Triad to pursue the iBank loan and submit an application on the city's behalf but does not commit the city to purchase equipment from Triad. A commissioner asked whether Triad is the only vendor who could apply; staff said Triad is not unique but has prior success working with municipalities and had brought the option to the city. Commissioners requested the resolution separate the loan application assistance from any procurement selection to avoid conflating approval of financing with equipment purchase.

Next steps: staff said they will edit the resolution language to improve transparency and return the item for formal action. If the iBank application is successful, the city may pursue procurement steps consistent with its purchasing rules.