Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Capital Financing topic
No spam. Unsubscribe anytime.
Dade County adds lease-purchase agreements to buy ambulances and equipment, plans to front grant payout
Summary
Commissioners added two lease-purchase resolutions to the consent agenda to finance two ambulances and ambulance equipment. Staff outlined two lease options at about 4.37% and 4.89% and explained the county must pay full purchase costs before receiving reimbursement from grants/USDA.
The Dade County Board of Commissioners added two lease-purchase resolutions to the consent agenda on May 7, 2026, to finance two ambulances and related ambulance equipment.
Staff presented two lease structures for vehicle financing (one via Magnolia LLC, described as a partner of the Association of County Commissioners of Georgia, at an advertised rate of about 4.37%, and an alternative rate noted around 4.89%). Commissioners were told the county will need to pay supplier invoices in full before qualifying for the second-half grant reimbursement tied to congressional or USDA grants; staff emphasized that financing buys time so the county does not deplete reserves needed for other capital projects such as the elections building.
The board discussed interest-cost scenarios. A staff estimate in the meeting suggested total interest could be roughly $85,740 over five years if the county carried the full term; staff said the county expects to pay off the leases earlier once grant reimbursements arrive. The resolutions for the lease-purchase of the Frasier ambulances and Striker medical equipment were added to the consent agenda for approval.
The board indicated financing terms and final payment timing will be finalized during contract processing and when grant reimbursements are received; staff will return to the board with payment schedules when available.
