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Town leaders say $4.53 million GADA loan would fund heavy-equipment purchases
Summary
Town Manager Suzanne Harvey told council the town was approved for a $4,529,000 low-interest long-term loan from the Greater Arizona Development Authority to purchase heavy equipment for landfill and public works; council discussed budgeting and equipment needs.
Town Manager Suzanne Harvey told the Huachuca City Council the town "was approved for $4,529,000.00 in a low interest long term loan" from the Greater Arizona Development Authority to finance acquisition of heavy equipment for landfill and public works operations. Council discussed how the loan would allow purchases of badly needed machinery and improve budgeting for maintenance and replacement.
Harvey said the loan restores an opportunity for small and rural communities to obtain financing for public infrastructure acquisitions. Council members asked questions about which pieces of equipment would be prioritized and how the loan repayments would be incorporated into future budgets. The minutes record discussion but do not list a final vote on accepting or obligating the loan in the excerpt provided.
