Village of Shepherd Council Meeting Minutes April 2026
Council Approves Leasing Deal for Street Sweeper
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Description
The Village Council approved a resolution to acquire an Elgin Street Sweeper through Leasing Il, with five annual payments of $35,374.46 at 6.99% interest. The financing arrangement for the equipment purchase was adopted on a 6-0 roll call vote.
Contract Details
Contract Amount
5 annual payments of $35,374.46 at 6.99%
Vendor
LEASING IL
Agency
Shepherd village, MI
Contract Type
EQUIPMENT
Document Date
April 6, 2026
Contract Term
5 annual payments
Renewal Info
Financing structured as a five-year annual payment schedule; no renewal or extension terms mentioned.
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