Mount Carroll City Council Meeting Minutes April 2026
City Approves Backhoe Purchase From Martin Equipment
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Description
The Mount Carroll City Council approved purchasing a 2026 John Deere 320 P Backhoe from Martin Equipment with a $142,500 sale price, $17,500 trade-in, $25,000 down payment, and a three-year $100,000 lease at 5.75% interest. The equipment will support city street and utility operations.
Contract Details
Contract Amount
Sale price $142,500 less $17,500 trade allowance; $25,000 down payment; 3-year lease of $100,000 at 5.75% with annual payments
Vendor
MARTIN EQUIPMENT
Agency
Town of Mount Carroll, IL
Contract Type
EQUIPMENT
Document Date
April 14, 2026
Contract Term
Three-year lease term with annual payments
Renewal Info
Three-year equipment lease associated with the backhoe purchase; no renewal terms mentioned.
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