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Commissioners approve up to $250,000 lease to finance transfer-station truck
Summary
Following a Finance Committee recommendation, the board approved financing for a transfer-station truck with a maximum 7-year lease up to $250,000 at up to 6% interest; the action was recorded by unanimous vote.
Auditor Chandra Schumacher presented a Finance Committee recommendation that Public Works Solid Waste proceed with a financing package for a new transfer-station truck: a lease-purchase with a maximum seven-year term, up to $250,000, at a maximum 6% interest rate. The board approved the Finance Committee recommendation by unanimous vote at the May 18 meeting.
The minutes record that the board approved the recommendation and that Road Resolution 2726R later authorizes application for credit and negotiation of a municipal lease-purchase program (establishing financial parameters and designating the County Engineer as authorized representative). The minutes do not identify the lessor or specific lease terms beyond the maximums noted.
