Lake Park Town Commission Regular Commission Meeting Minutes 2026-02-04
Town Selects TD Equipment Finance for Sanitation Truck
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Description
The Lake Park Town Commission approved Resolution 12-02-26 authorizing financing for a 2026 Mack TE64R sanitation truck through TD Equipment Finance for $376,460 over four years at 3.64% interest. The TD option, structured with semi-annual payments through September 2029, provides the lowest total interest cost and preserves sanitation fund reserves.
Contract Details
Contract Amount
$376,460
Vendor
TD EQUIPMENT FINANCE
Agency
Town of Lake Park, FL
Contract Type
EQUIPMENT
Document Date
February 4, 2026
Contract Term
4 years; 8 semi-annual payments March 30, 2026 – September 30, 2029 at 3.64%
Renewal Date
2029-09-30
Renewal Info
Fixed 4-year tax-exempt financing with eight semi-annual payments from March 30, 2026 through September 30, 2029; no renewal or extension options noted.
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approvedMore from Town of Lake Park
Lake Park Town Commission Regular Commission Meeting Minutes 2026-02-04
Lake Park Town Commission Regular Commission Meeting Minutes 2026-02-04
Lake Park Town Commission Regular Commission Meeting Minutes 2026-02-04
Lake Park Town Commission Agenda 2026-02-04
Lake Park Town Commission Agenda 2026-02-04
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