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Florence board approves 4.00% lease purchase to fund police vehicles
Summary
The Florence mayor and board unanimously approved Community Bank's 4.00% lease‑purchase financing to buy police vehicles and authorized Mayor Trey Gunn to sign the agreement pending City Attorney Bobby Lingold's review.
The Florence mayor and board unanimously approved lease‑purchase financing to buy vehicles for the police department on Oct. 7, 2025.
Chief Brad Burns recommended accepting Community Bank's quote of 4.00%, which the minutes record as the lowest of four bids (Copiah Bank 4.25%, Cadence Bank 4.84%, Trustmark Bank 5.45%). Alderman Mason Herrin moved to approve the Community Bank quote; Alderman Grantham seconded the motion and the board carried it by a unanimous vote.
The board also voted to authorize Mayor Trey Gunn to execute a Lease Purchase Agreement with Community Bank pending review and approval of documents by City Attorney Bobby Lingold. The motion to grant execution authority was made by Alderman Martin, seconded by Alderman Sistrunk, and recorded as unanimous.
Why it matters: Financing terms determine the city's long‑term cost to acquire fleet vehicles and affect debt service planning in the upcoming budget cycle. The minutes do not specify the total financed amount, delivery schedule, or model years of the vehicles to be acquired; those details were not provided in the transcript.
Next steps: The record says the mayor is authorized to sign once the city attorney reviews the paperwork; no additional public hearing or further board action was recorded during this meeting.
