City of Marion City Council Meeting Agenda Packet May 2026
City Weighs New Terms for Bucket Truck Loan
Trusted by teams at
Description
The City of Marion is considering modifying its existing financing arrangement with Marion National Bank for a new Altec bucket truck from a 3-year to a 5-year loan, maintaining a $25,000 down payment and reducing monthly payments to $5,355.70. The proposed change is based on the bank’s original offer sheet dated February 26, 2026 and would extend the repayment period while easing monthly cash flow.
Contract Details
Contract Amount
5-year loan with $25,000 down = $5,355.70 monthly payment
Vendor
MARION NATIONAL BANK
Agency
Town of Marion, KS
Contract Type
FINANCIAL_SERVICES
Document Date
May 4, 2026
Contract Term
5-year loan term; previously approved 3-year loan term
Renewal Info
Request proposes amending the previously approved 3-year loan terms with Marion National Bank to a 5-year term while keeping the same down payment. No automatic renewal language is indicated.
More from MARION NATIONAL BANK
Related Contracts
City of Marion AgendaPacket Regular City Council Meeting 2026-06-01
APPROVEDCity of Marion City Council Meeting Agenda Packet May 2026
PENDINGCity of Marion City Council Meeting Agenda Packet May 2026
PENDINGCity of Marion Council Meeting Agenda March 2026
RECOMMENDEDgoessel_city_council_meeting_minutes_november_2025.pdf
APPROVEDWant to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.