Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Capital Purchase topic
No spam. Unsubscribe anytime.
Town authorizes $200,000 loan at 6% to pay Western Star truck invoice
Summary
The board authorized Supervisor Scott to borrow $200,000 at 6% interest to help pay a Tracey Road invoice for a Western Star 10-wheeler priced at $273,651.20 (Resolution #59); vote was 4–0.
The Town of Montour Board on Nov. 7, 2024 authorized Supervisor David Scott to take steps to borrow $200,000 at a 6% interest rate to apply toward payment of a Western Star 10‑wheeler invoice from Tracey Road totaling $273,651.20 (Resolution #59). The motion was moved by Councilperson Stamp, seconded by Councilperson Simpson, and passed 4–0.
Highway Superintendent Michael Croft reported the town has received the new 10‑wheeler Western Star and that the plow and wing still need to be picked up; the Volvo will be used until crew and equipment are ready. The board discussed the invoice and decided to borrow $200,000 with the intention of paying the Western Star invoice from those funds. The dog contract remains under discussion and will be finalized at the December meeting.
