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Board to consider lease-purchase resolution to add three police vehicles to FY26 budget
Summary
Staff presented paperwork for a three-year lease-purchase to acquire three Ford Explorers with light packages using FY26 budgeted funds; staff said adopting a required resolution would authorize the purchase and allow paying the first payment from the current budget year.
Police leadership and finance staff described a lease-purchase option that would deliver three Ford Explorers with light packages now and spread payments over three years. Staff explained the vehicles could be obtained under state contract pricing and that the financing terms were competitively sourced; the bank requires a board resolution to authorize the lease-purchase.
The police representative explained the mechanics: "the 56,000 is gonna get 3 Explorers where they would normally cost you about 52.5 each," and staff said the arrangement includes a maintenance package during the lease-purchase term. If the board adopts the resolution, staff said it would be paid from the FY26 budget (the first payment is due immediately), with options to structure subsequent budget-year payments to reduce interest costs.
Staff recommended the resolution be placed on the Thursday agenda for formal adoption so the chief can sign financing paperwork and secure vehicles needed to replace older units.
