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Committee moves a 5-year lease for a John Deere compact excavator priced at $115,009

City of Box Elder Finance, Legal, and Public Safety Committee · March 17, 2026
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Summary

Public Works described a planned roads-budget purchase of a 2026 John Deere 60P compact excavator priced at $115,009.37 to reduce equipment-sharing conflicts; the committee approved forwarding the lease purchase agreement to council with a recommendation to approve.

Bruce Martin told the committee the roads division needs a compact excavator to perform maintenance in tight rights-of-way without relying on shared equipment, which causes scheduling conflicts. He said the machine was planned in the 2026 roads budget and would be financed through Deere Credit, with an estimated total equipment purchase price of $115,009.37 and annual payments of $27,607.21 over five years.

A committee member noted the purchase was also planned to be funded in part by previously directed sales-tax funds for roads; a motion to approve the lease purchase agreement with Deere Credit was seconded and approved, and the item will be forwarded to council with a recommendation to approve.