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Commission selects 3.94% Bank of Commerce quote to finance mower lease; one commissioner abstains
Summary
Wilson County commissioners voted to finance a 2026 MowerMax Prime Mover lease-purchase with Bank of Commerce at a 3.94% interest rate; Commissioner Casey Lair recorded an abstention on the motion.
Wilson County commissioners voted Oct. 22 to accept a Bank of Commerce interest-rate quote of 3.94% to finance the 2026 MowerMax Prime Mover lease-purchase. Commissioner Andrew Miller moved for approval; Commissioner Jerry Scott seconded the motion, which carried with Commissioner Casey Lair recorded as abstaining.
County Coordinator Kris Marple presented multiple interest-rate quotes earlier in the meeting: Atmax Leasing quoted 5.24%; Bank of Commerce 3.94%; Community National Bank & Trust 4.50%; First National Bank in Fredonia 4.00%; and First Oak Bank 4.75%. The board selected the Bank of Commerce rate during the formal motion recorded in the minutes.
The minutes do not record further discussion about lease term length, total financed amount, or which department will administer the lease. The abstention by Commissioner Lair was recorded in the official minutes but the minutes do not provide a stated reason for the abstention.
