Drain Commission recommends excavator purchase from Southeastern Equipment
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Description
The Drain Commission secured a recommended award to Southeastern Equipment Co. for a 2026 excavator with thumb and drum mulcher attachments, financed over five years at 1.39% interest for up to $279,932.28. The recommendation now moves to the Personnel/Ways & Means Committee for final approval.
Contract Details
Contract Amount
Not to exceed $279,932.28
Vendor
SOUTHEASTERN EQUIPMENT COMPANY
Agency
Lenawee County, MI
Contract Type
EQUIPMENT
Document Date
May 7, 2026
Contract Term
60 months (5 years) financing
Renewal Date
2031-05-07
Renewal Info
Financing agreement proposed for 60 months at 1.39% interest; no renewals specified beyond loan term.
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