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Town paid off old garbage packer and purchased new unit with cash
Summary
Staff told the council the town made the final payment on the old garbage packer in August and bought a new packer with cash, meaning the town currently owns its sanitation equipment and can plan future replacements without lingering debt.
Michelle reported that the town completed the final payment on its previous garbage packer in August and that the new packer was purchased with cash, leaving the sanitation fleet owned outright. Council members discussed whether to create a rotation or savings plan for future equipment replacement so future councils are not placed in a similar position.
"We did pay off the old garbage packer. Right. ... Made the last payment in August," Michelle said. She added that the new packer was purchased outright and that the town owns its equipment. Council members suggested creating a schedule or reserve for equipment replacement to avoid cyclical shortfalls when large purchases are needed.
Staff said that when replacement needs arise they can budget in following years or bring forward requests so that the equipment cycle can be smoothed across fiscal periods.
