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Council approves 60-month lease-purchase for new Caterpillar excavator
Summary
Bristow council approved a 60-month lease-purchase for a Caterpillar Model 303 CR excavator with monthly payments of $774.39, optional buyout $16,320 and total amount $52,185, after rescinding an earlier authorization.
At the Aug. 19 meeting the council rescinded a prior approval for a different excavator model and then approved a new 60-month lease-purchase quote from Warren Cat for a Caterpillar Model 303 CR hydraulic excavator. The approved terms recorded in the minutes show a monthly payment of $774.39 for 60 months, an optional buy-out of $16,320.00 and a total amount listed as $52,185.00. Councilmember Judd Johns moved the motion and Joe Church seconded it; roll-call votes were recorded as Aye by all present members.
The minutes provide the payment schedule and buyout amount but do not include details on delivery timeline, trade-in, or funding source; those implementation details will be handled by staff and recorded in procurement documents.
