Town of Swayzee Council Meeting Minutes March 2026
Town Leases New John Deere Tractor
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Description
The Town acquired a new John Deere tractor under a three-payment lease, making an initial payment of $11,131.42 and planning a similar second payment with a $1 buyout at term end. The tractor will be added to the Town’s asset inventory for maintenance operations.
Contract Details
Contract Amount
$11,131.42 (first of three lease payments; final payment $1)
Vendor
JOHN DEERE
Agency
Town of Swayzee, IN
Contract Type
EQUIPMENT
Document Date
March 16, 2026
Renewal Info
Three-payment lease with nominal $1 final payment indicating a lease-to-own structure; no renewals described beyond term end.
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