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Huachuca City highlights $4.53 million GADA loan for heavy equipment
Summary
Town Manager Suzanne Harvey told the council the Town was approved for a $4,529,000 low-interest, long-term loan from the Greater Arizona Development Authority to buy heavy equipment for landfill and public works, enabling better budgeting for purchases and maintenance.
Town Manager Suzanne Harvey told the Huachuca City Council that the Town was approved for a $4,529,000 low-interest, long-term loan from the Greater Arizona Development Authority (GADA) to purchase heavy equipment needed for landfill and public works operations.
"We were approved for $4,529,000.00 in a low interest long term loan," Harvey said, explaining the funds will allow the Town to acquire equipment it has identified as badly needed and to plan for maintenance costs. Council discussed the funding and its implications for capital planning; the minutes do not record a formal vote on a specific spending authorization tied to this item during the meeting.
