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Campbell sets up five-year financing for 2025 plow truck; board authorizes counteroffer and sale threshold for 2016 truck
Summary
The board finalized Sun-Bank financing for a 2025 International plow truck with a five-year payment plan and authorized a counteroffer and delegation to accept bids of $38,000+ for a 2016 10-wheel truck; the sale motion passed with Ayes 3, Abstains 2.
The town's bookkeeper told the board that financial paperwork and a $50,000 down payment were submitted to Sun-Bank to finance a 2025 International plow truck purchased earlier this year. The minutes state a five-year payment plan was set up, with estimated annual payments of $63,213.40 for 2027–2031.
Separately, during the highway report the board addressed selling a 2016 10-wheel truck. The Town of Romulus offered $37,500; the board decided to counteroffer $39,000 and then passed a motion authorizing Supervisor Norman Maynard and Les Smith to accept any bid of $38,000 or more. The minutes record the vote as Ayes 3, Nays 0, Abstains 2. "A motion by Glenn Vogel seconded by Michael Austin to allow Norman Maynard and Les Smith to accept a bid for $38,000 or more on the 2016 10 wheel truck was adopted by Roll Call vote Austin- Aye, Vogel, Aye, Peterson Aye, Maynard Abstain, Smith Abstain," the minutes state.
The minutes do not specify the loan interest rate or total financed amount beyond the down payment and the posted annual payment estimate; those loan terms should be confirmed with the bookkeeper or Sun-Bank for complete fiscal disclosure.
