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Clay County accepts 3.99% bid to finance $210,000 radio purchase
Summary
After opening five bids the board selected Union State Bank's 3.99% fixed-rate offer for a $210,000 three-year financing for new BK radios, with annual payments and no prepayment penalty.
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The Board opened financing bids for a $210,000 purchase agreement to acquire new BK radios and reviewed five offers ranging from 3.99% to 4.98%. The bids were: Farmers & Merchants State Bank 4.09%, Citizens National Bank 4.25% fixed, GN Bank 4.39% fixed, Union State Bank 3.99%, and United Bank & Trust 4.98% fixed. After review Commissioner Carlson moved to accept Union State Bank’s 3.99% bid for the three-year term with one annual payment and no penalties for early payoff; the motion passed unanimously.
The minutes do not identify which department will manage the lease beyond procurement or provide a delivery timeline for the radios. The county clerk recorded the decision for the record; follow-up will be needed to execute the financing documents and schedule equipment delivery.
