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Road and Bridge recommends U.S. Bank financing for three motor graders; commissioners approve
Summary
Road and Bridge presented two financing proposals for three John Deere motor graders and recommended a U.S. Bank seven-year package saving about $40,374 versus Centennial; the board authorized the financing and delegated signing authority when documents arrive.
Road and Bridge recommended that Grand County accept a U.S. Bank financing proposal for three John Deere motor graders, saying the U.S. Bank option would save the county about $40,373.76 over a seven-year term compared with the Centennial alternative.
The Centennial proposal totaled $874,002.43 (one annual payment of $124,857.49 at 4.1% for seven years) while the U.S. Bank quote was $833,628.67 (one annual payment of $119,089.81 at 3.84% for seven years). Road and Bridge staff recommended the U.S. Bank offer as "$40,373.76 favorable difference," and the board voted to approve financing and authorized the chair to sign applicable documents when they arrive.
Commissioners asked whether there was any urgency; staff said there was no immediate time crunch and that paperwork would likely take another month after approval. The manager was authorized to handle signature logistics.
