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Sinking Spring approves $364,064 lease‑purchase for new street sweeper
Summary
Council approved a budgeted replacement street sweeper via a five‑year lease/purchase through Fulton Bank for $364,064, with the manager proposing payments be covered by the Capital Fund; vote was 5‑0.
The Borough of Sinking Spring authorized a lease‑purchase for a new street sweeper at a total price of $364,064.00, to be financed over five years through Fulton Bank.
Borough Manager Michael Hart told council the purchase was included in the 2025 budget and that a letter of intent had been submitted to lock pricing and secure a unit. “The total price on the unit is $364,064.00,” Hart said. The manager proposed using the Capital Fund to cover payments. Council approved the authorization on a motion by Brian Hoffa, seconded by Robert Metzgar; the vote was AYES 5, NAYS 0, ABSENT 2.
Council did not report any grant funding for the purchase; Hart said none had been received and confirmed the capital fund would be used to make payments under the 5‑year lease/purchase agreement.
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