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Commission approves purchase of 2022 Case 580N backhoe; accepts Citizens State Bank lease
Summary
Board approved purchase of a 2022 Case 580N backhoe from EquipmentShare for $85,443.00 and accepted a three‑year lease from Citizens State Bank at 4.95% interest, subject to an acceptable municipal lease‑purchase agreement.
The Brown County Commission authorized the purchase of a 2022 Case 580N backhoe from EquipmentShare for $85,443.00 and accepted a financing bid from Citizens State Bank for a three‑year lease at 4.95% interest, contingent on an acceptable municipal lease‑purchase agreement.
Bids presented for the purchase included GN Bank at 5.33% (three‑year), Citizens State Bank at 4.95% (three‑year), and First Option Bank at 4.725% (five‑year). Chairman Lucas Heinen moved to proceed with the purchase and financing arrangement with Citizens State Bank; the motion was seconded by Commissioner Richard Tesoriero and carried. The action is subject to final acceptable lease paperwork.
