Commissioner Russell approves $420,000 John Deere 672G roadgrader purchase for Precinct 4, plans $190,000 financing

Commissioner Casey Russell told the Parmer County Commissioners on May 13 that he is purchasing a John Deere 672G roadgrader for use in Precinct 4 at a total cost of $420,000.

Russell said he is applying $230,000 in trade-in value from two older pieces of equipment and plans to finance the remaining $190,000 from First National Bank. He provided the court a lease/finance package for the purchase. Commissioner Kenny White moved to approve the purchase and proposed financing; Commissioner Charles Wilkins seconded and the motion passed by majority vote.

The minutes list the total cost, trade-in value and proposed financing amount but do not record the finance term, interest rate or repayment schedule. The attached lease is referenced in the minutes for additional details.