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Huachuca City manager reports $4.529 million GADA loan approval to buy heavy equipment
Summary
Town Manager Suzanne Harvey told the council that the Greater Arizona Development Authority approved a $4,529,000 low-interest loan that the town intends to use to acquire heavy equipment for landfill and public works operations.
Town Manager Suzanne Harvey reported to the council that the Greater Arizona Development Authority (GADA) approved a low-interest, long-term loan of $4,529,000 that the town expects to use to purchase badly needed heavy equipment for landfill and public works.
Manager Harvey said the loan approval will allow the town to budget for acquisition and maintenance of the equipment rather than making one-time purchases. The minutes record the dollar amount and the intended uses; they do not record a separate council vote to accept or obligate the funds.
