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Hillsville staff outline planned purchases for street sweeper, dump truck and F-550 chassis; financing to use master lease
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Summary
Public Works described plans to replace a 2005 street sweeper with a mechanical unit, to acquire a 2026 Kenworth single-axle dump truck priced at $213,262 and a 2026 Ford F-550 chassis with upfits at $87,480, and said financing would use a master lease agreement to be amended at a future meeting.
Public Works staff told the Hillsville Town Council on April 27 that the department plans to replace aging equipment, including a 2005 street sweeper, a 2026 Kenworth single-axle dump truck with plow and spreader (quoted at $213,262), and a 2026 Ford F-550 chassis with upfits (quoted at $87,480).
The presenter said the sweeper will move from a vacuum-style unit to a mechanical sweeper and that the department considered a trade-in but the offered trade-in value was far below expectations; the town may keep older units as backup. Funding for the purchases is available across departmental budgets (sewer, water, stormwater and street funds) and staff said financing would be arranged under a master lease agreement with Peoples State Bank so paperwork can be executed efficiently.
A staff member explained the master lease is an umbrella financing vehicle the town uses to expedite equipment loans and clarified that equipment ownership remains with the town and that the lease does not count against the town’s constitutional debt limit. Council asked questions about timing and whether formal resolutions were required; staff said resolutions to amend the master lease and proceed with loan paperwork will be presented at a subsequent council meeting and no vote was required at the April 27 session.
Council members raised no objections at the meeting; staff will return with formal resolutions and loan documentation if council wishes to proceed funding through the lease program.
