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Town says GADA approved $4.53 million loan to buy heavy equipment
Summary
Town Manager Suzanne Harvey reported that Huachuca City was approved for a $4,529,000 low-interest, long-term loan from the Greater Arizona Development Authority to acquire heavy equipment for landfill and public works, enabling planned purchases and maintenance budgeting.
Town Manager Suzanne Harvey told the council that the Greater Arizona Development Authority (GADA) approved a $4,529,000 low-interest, long-term loan to the town. The funding will be used to acquire heavy equipment needed for landfill and public works operations, Harvey said, and will allow the town to budget for purchase and maintenance over time.
"We were approved for $4,529,000.00 in a low interest long term loan," Harvey stated during the funding update. She described the loan as enabling the town to purchase equipment that is "badly needed" and to budget more effectively for both acquisition and upkeep. Council discussed the update; no formal council action on loan acceptance was recorded in the minutes because the item was presented as an update and the approval appears to be an administrative award from GADA rather than a separate council vote.
The manager framed the financing as a significant opportunity for small, rural infrastructure investment; the minutes do not list loan terms beyond the amount and the low-interest, long-term character noted by staff.
