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Village OKs 60-month leases for fire chief vehicles and DPW trucks with June 2026 start

Board of Trustees, Incorporated Village of Farmingdale · January 20, 2026
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Summary

Trustees approved two Fire Chief Silverados (total $136,988) and two DPW trucks (total $196,368.13) to be leased through Real Lease for 60 months with a $1 buyout and interest at 5.24%; lease payments of $2,622.98 and $3,759.96 recorded.

The Board approved vehicle lease purchases through Real Lease under Resolution #2026-01-20. The package included two Chevrolet Silverado vehicles for Fire Chiefs at $68,494 each (total $136,988) with a 60-month lease payment of $2,622.98 and a $1 buyout at lease end. The Board also approved two trucks for the Department of Public Works—a 2026 Chevrolet 3500 Reg Cab Silverado and a 2025 Chevy 6500 Silverado MD including insert sander, lift gate and snow plows—at a combined price of $196,368.13 and a 60-month lease payment of $3,759.96. Both leases are set to begin in June 2026 with an interest rate of 5.24%.

The minutes record contract terms and vendor sourcing through existing bids (BOCES bid 25/26-018 mentioned) but do not include detailed budget-account coding in the work-session notes; the Clerk/Treasurer or Finance staff will implement the leases per normal procurement controls.