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Council authorizes lease‑to‑own of combination vacuum/tractor truck at roughly $496,433
Summary
Mount Angel approved a lease‑to‑own agreement for a combination vacuum/tractor truck priced at $496,433.48, with annual payments of $75,600.43 over eight years, to replace aging public‑works equipment; council discussed repair vs. replacement and financing constraints.
Mount Angel councilors voted to authorize the city manager to sign a lease‑to‑own agreement for a combination vacuum/tractor truck that public works said is necessary for hydro excavation, sewer and storm maintenance.
Public‑works staff described the current vehicle as decades old and said repairs were recently made (about $19,000) to keep it operable. The recommended procurement was a lease‑to‑own agreement with a total buyout price of $496,433.48 and annual lease payments of $75,600.43 for eight years; staff said warranties vary by component (a 12‑month vehicle warranty, a 10‑year water‑tank warranty against leakage/corrosion and a two‑year warranty on the back system).
Councilors and staff discussed alternatives, including repairing the existing truck and purchasing used equipment; staff said used options were limited and that leasing was the available financing mechanism. Council also asked about maintenance inclusions; staff said annual preventative maintenance by the equipment vendor is not included in the lease cost.
A motion to authorize the city manager to sign the lease was moved and seconded; roll call recorded affirmative votes by councilors present and the mayor. The motion passed.
The lease will be reflected in annual budgets, and staff noted the city would not begin payments until the new vehicle is delivered and in service.
