RESOLUTION 25-13 FINANCING WITH GOVERNMENT CAPITAL WITH GOVERNMENT CAPITAL

Staff Report & Agenda Item Details

RESOLUTION 25-13 FINANCING WITH GOVERNMENT CAPITAL WITH GOVERNMENT CAPITAL General Manager Shadden - We talked about this in the Budget Workshop, about financing 3 vehicles again. They are in the budget already, it is just for us to borrow the money, Kate has to sign off on a letter and the Board has to sign a Resolution for us to borrow the money for 3 years in 3 packets. We have done this in the past and it seems to work well. We are in the third year of the ones we bought 2 years ago. These trucks we are replacing have 250,000 miles on them and the one ton is the same way. They are old and they need to be replaced. These are all on the water side. Director Rayburn made a Motion to approve Resolution 25-13 purchasing two ¥% ton pickup trucks in water from Winnie Dodge and one 1 ton from Silsbee Ford financed by Government Capital for three years. The motion was seconded by Director Nicely and it passed by unanimous vote.

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 2.4/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.