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City to lease mini excavator, transfer $485K to vehicle replacement fund
Summary
Staff said the city will lease a mini excavator (leasing cost ~ $25,000 rather than a $105,000 purchase), transferred $485,000 into the vehicle replacement fund and will actively reassign vehicles across departments to manage fleet needs.
Staff told the board that instead of buying a mini excavator for about $105,000 the city will pursue a lease option estimated at $25,000 if approved in next year's budget, citing heavy daily use that accelerates depreciation. A staff member explained lease agreements typically include tiered warranty/service packages based on hours of use.
The city also made a $485,000 transfer to the vehicle replacement fund earlier in the year, and staff described a strategy of reallocating vehicles across departments and extending lease terms to lower long‑term costs. Board members praised the July presentation that established a baseline for the vehicle replacement plan and supported close monitoring of that fund.
