Town of Paonia Board of Trustees Meeting Agenda March 2026
Lease-Purchase of Street Sweeper Approved with TYMCO
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Description
The Town of Paonia Board of Trustees approved a lease-purchase agreement with TYMCO for a new Model 600BAH regenerative air street sweeper. The $394,500 deal includes a $60,000 trade-in, with the remainder financed over five years at a 4.4% interest rate, supporting essential street maintenance operations.
Contract Details
Contract Amount
$394,500 (equipment cost); $334,500 financed over 5 years at 4.40%; $75,984/year (2027–2031)
Vendor
TYMCO
Agency
Town of Paonia, CO
Contract Type
EQUIPMENT
Document Date
March 24, 2026
Contract Term
5 years (2027–2031)
Renewal Date
2031-04-01
Renewal Info
5-year municipal lease purchase; payments due annually 2027–2031; no auto-renewal implied.
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