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Florence board approves 4.00% lease-purchase to buy police vehicles

Mayor and Board of the City of Florence · October 7, 2025
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Summary

At its Oct. 7 meeting the Florence Mayor and Board approved Community Bank's 4.00% lease-purchase financing for new police vehicles (lowest of four bids) and authorized the mayor to sign the agreement pending city attorney review.

The Florence Mayor and Board on Oct. 7 approved Community Bank's 4.00% lease-purchase financing to acquire vehicles for the Police Department, the lowest of four bids received. The board recorded competing offers from Copiah Bank (4.25%), Cadence Bank (4.84%) and Trustmark Bank (5.45%).

The financing recommendation came from Police Chief Brad Burns; a motion by Alderman Mason Herrin and second by Alderman Grantham carried unanimously. The board separately authorized Mayor Trey Gunn to execute a Lease Purchase Agreement with Community Bank contingent on approval of the documents by City Attorney Bobby Lingold.

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