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Committee reviews lease-to-own package for Bobcat skid steer, mowers
Summary
Committee members discussed a four-year lease-to-own proposal covering a Bobcat skid steer and two mowers, citing a total package price of about $64,620 and estimated finance charges of roughly $9,250 over four years; staff highlighted safety and operational benefits.
Public works staff and committee members reviewed a proposed lease-to-own package that would replace older mowers and a skid steer. Frank said the total package price was about $64,620 and that a 48-month municipal lease carries roughly 6.4% interest; he estimated finance charges near $9,250 over the four-year term. "It looks like it's about $1,539 a month," Frank said when describing a probable monthly lease payment for the package.
Staff emphasized operational and safety improvements: the new skid steer includes a backup camera and multiple attachments for snow removal and sweeping, and the proposed machines have multi-year warranties. Committee members discussed procurement via Sourcewell, trade-in options through government auction sites and the advisability of bringing final numbers to the full board for formal approval. The committee did not take a final vote on procurement at the meeting and requested final lease numbers before the board meeting.
