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Commission approves auction deal guaranteeing $430,000 for two Kenworth trucks
Summary
The commission approved an agreement with JM Wood Auction Company to auction two Kenworth tri-axle dump trucks June 16–18; the company guaranteed Saint Clair County $430,000 for the pair and will take a 6% commission on gross sales, officials said.
Commissioners approved a contract with JM Wood Auction Company to sell two Kenworth tri-axle dump trucks at a mid-June auction and accepted a guaranteed minimum return of $430,000. The auction firm’s commission was described in the meeting as 6% of gross receipts.
Commissioners discussed recent returns on truck sales and the maintenance savings from replacing trucks regularly. "They're guaranteeing Saint Clair County $430,000 for the trucks," Clay Phillips said. The motion to approve the auction arrangement carried without opposition.
