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Huachuca City notes $4.53 million GADA loan approval to buy heavy equipment
Summary
Town Manager Suzanne Harvey reported the Town was approved for a $4,529,000 low-interest, long-term loan through the Greater Arizona Development Authority to purchase heavy equipment for landfill and public works operations.
Town Manager Suzanne Harvey told the council the Town had been approved for GADA funding: "we were approved for $4,529,000.00 in a low interest long term loan." The loan is intended to finance acquisition of heavy equipment needed for landfill and public works operations and to improve budgeting for purchase and maintenance.
Harvey said the program's return and the loan award will allow the town to purchase badly needed equipment. Council discussed the funding and its potential to replace or supplement current equipment fleets; the minutes do not show a formal vote or contract award at this meeting and provide no procurement timetable.
