Council requests sealed bids for Vectron replacement; bank loan terms reported
September 26, 2026 | ROTAN ISD, School Districts, Texas
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Staff and council discussed replacement options for a piece of municipal equipment (brands cited included Vermeer/Bactron). Staff reported that Greg at the bank offered a financing option with "20% down" and a prime rate of "6.75" with flexible payment schedules. The council moved to solicit sealed bids for the Vectron replacement and to accept bank financing terms if bid pricing and terms were acceptable.
Council directed staff to publish notice for sealed bids and to return with bid openings and final financing recommendations. Chair made the motion to solicit sealed bids and a second was recorded; the motion was carried by voice vote.
Council directed staff to publish notice for sealed bids and to return with bid openings and final financing recommendations. Chair made the motion to solicit sealed bids and a second was recorded; the motion was carried by voice vote.
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