Massena Town Council Agenda 2026-06-17
Lease-Purchase of Highway Truck Approved with Tenco
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Description
The Massena Town Council approved a lease-purchase agreement with Tenco for a 2025 International HV507 Truck equipped with a dump body, plow, and spreader. The total equipment cost is $240,162.98, to be leased over five years at $55,886.00 per year.
Contract Details
Contract Amount
$240,162.98 to be leased for 5 years at $55,886.00/per year
Vendor
TENCO
Agency
City of Massena, IA
Contract Type
EQUIPMENT
Document Date
June 17, 2026
Contract Term
5 years
Renewal Date
2031-06-17
Renewal Info
Lease-purchase agreement spans 5 years, with specified annual payments.
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