Lamberton City Council Regular Meeting Agenda April 13, 2026
CapFirst Proposes Municipal Lease for Skid Steer Purchase
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Description
CapFirst Equipment Finance proposed municipal lease terms to finance Lamberton’s planned purchase of a Case SV280B skid steer, offering 3-year or 5-year schedules with a $1 buyout on a $29,442.00 financed amount. The council has not yet approved a specific lease option.
Contract Details
Contract Amount
$29,442.00 (proposed financed amount)
Vendor
CAPFIRST EQUIPMENT FINANCE
Agency
Town of Lamberton, MN
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
Contract Term
Option A: 3 years at $11,012.00 annually; Option B: 5 years at $6,987.00 annually; both with $1 buyout
Renewal Info
Lease would run for 3 or 5 years with a $1 buyout at completion if approved; as of this agenda, no lease has been executed.
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