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Council approves lease‑purchase financing for two Bobcat machines for parks department
Summary
The council approved lease‑purchase financing with US Bank for one Bobcat UW56 and one E60R2 compact excavator for the parks department, including four‑year extended warranties (about $4,100 per unit) and a plan that keeps near‑term payments within the previously budgeted range.
The North Platte City Council on March 3 approved lease‑purchase financing to acquire one Bobcat UW56 and one E60R2 compact excavator for the parks department, including extended four‑year warranties.
Staff explained that prior annual lease terms for similar equipment had become more expensive and that purchasing and financing the machines now would keep annual payments closer to the department's prior $8,000–$10,000 budgeted range. The council heard that the extended warranty cost is $4,100 per unit (about $8,200 total for two machines). Staff added the city expects ownership at the end of the lease term.
Council members asked about warranty length, repair capacity in town, and whether the expense was budgeted; staff said the purchase was budgeted and that warranty and local repair options were accounted for. The council approved acceptance of the US Bank lease proposal and authorization for the mayor to sign related documents.
