City of Marion AgendaPacket Regular City Council Meeting 2026-06-01
Council Extends Bucket Truck Financing with Marion National Bank
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Description
The Marion City Council approved modifying the electric bucket truck financing with Marion National Bank from a three-year loan to a five-year lease-purchase arrangement. The change addresses budget pressures from unexpected expenses while maintaining the existing equipment financing.
Contract Details
Vendor
MARION NATIONAL BANK
Agency
Town of Marion, KS
Contract Type
FINANCIAL_SERVICES
Document Date
June 1, 2026
Contract Term
5-year lease-purchase
Renewal Info
Existing loan for the electric bucket truck was restructured from a 3-year term to a 5-year lease-purchase; new maturity date not specified.
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