City of Albion Council Regular Meeting Agenda 2026-05-18
Albion Buys New Camel Jet/Vac Truck From MTECH
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Description
Albion City Council approved purchasing a Camel Jet/Vac Truck with accessories from MTECH for $638,313.96. The DPW unit will be financed over 5–7 years and includes a guaranteed buyback of up to 35% of purchase price.
Contract Details
Contract Amount
$638,313.96
Vendor
MTECH
Agency
City of Albion, MI
Contract Type
EQUIPMENT
Document Date
May 18, 2026
Contract Term
to be financed over 5–7 years at 4.77%–4.87% interest; first payment due May 2027
Renewal Info
Equipment purchase with financing over 5–7 years and a guaranteed buyback option between 25% and 35% of purchase price if exercised in 5–7 years.
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