County authorizes lease financing for $260,000 boom to speed right-of-way work
Summary
Public works requested a 2026 Evergreen Aspen boom priced at $260,000; the board approved leasing to obtain the equipment immediately with two financing options presented (3-year and 5-year) and a plan to repay from special-project funds and TSPOS allocations.
Public works director Brian Griffin asked the board to approve financing for a 2026 Evergreen Aspen boom priced at $260,000 to support right-of-way maintenance. Staff presented two lease-purchase options: a 3-year plan with three annual payments (total cost quoted at $288,420.03, including roughly $28,420.03 in interest) or a 5-year option with five payments (total cost quoted near $303,005.21), and explained the first payment would be due one year after execution.
Staff recommended leasing the equipment so the county can obtain the boom immediately rather than waiting for TSPOS allocations to return to positive; commissioners asked about early payoff penalties and were told the lease allows early payoff with no penalty. A motion was made to purchase from special-project funds with a commitment to replenish those funds from TSPOS over the next 12 months; the motion was seconded and carried.
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