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Council approves lease form to buy new golf carts; staff will lock interest rate
Summary
Council approved Resolution 2026-015R authorizing a lease agreement with ZMFG 2 Inc. to acquire new golf carts; staff reported a likely locked lease rate of about 4.41% if processed immediately.
The council approved resolution 2026-015R to approve the form of a lease agreement with ZMFG 2 Incorporated for new golf carts for city golf courses. City staff stated the anticipated lease rate was approximately 4.41% and that, if the council approved, staff could lock the rate as soon as the next day.
Councilmember Austin Anderson made the motion to approve the resolution; the motion passed on a roll-call vote with all members recorded as "aye." Staff said they would finalize the finance terms and proceed under the approved form of agreement.
