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Board approves five‑year lease financing for four new buses to replace aging fleet
Summary
The Acton‑Agua Dulce board approved a plan to lease four Thomas transit buses (diesel) and accepted a KS State Bank financing proposal not to exceed $1,286,833.16 over five years; staff projected annual transportation savings of about $85,151 and five‑year savings around $425,814.
The board approved a proposed five‑year lease for four Thomas transit buses and accepted a KS State Bank financing proposal not to exceed $1,286,833.16 for the package.
Director of Maintenance of Transportation (MOT) Mr. Mora described the proposed buses as transit‑style Thomas buses with seat belts, air conditioning and larger storage compartments. Staff presented cost modeling showing annual transportation costs falling from $463,703 to $378,551, yielding annual savings of approximately $85,151 and projected five‑year savings of roughly $425,814 with a 22.49% return on investment. Mora also said the district’s older buses are over 25 years old and that the lease improves reliability and warranty coverage.
Board members asked about seating capacity (about 84 seats), the number of current routes (three regular + two special education) and mechanical staffing needs (one mechanic cited). The board approved the resolution authorizing the financing and lease terms; trustees praised the facilities and finance subcommittee's work on the proposal.
