City of Tontitown Committee of the Whole Minutes 2026-05-05
Water Department Excavator Purchase From Riggs Tabled
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Description
Tontitown’s water department reviewed a Riggs quote to purchase a 2026 Caterpillar 304A compact excavator for a net price of $45,555.24 after trade‑in, with proposed 60‑month financing at 6.99%. The council tabled the purchase decision to the next Committee of the Whole meeting.
Contract Details
Contract Amount
$75,555.24 (list price) less $30,000.00 trade-in; net $45,555.24
Vendor
RIGGS
Agency
City of Tontitown, AR
Contract Type
EQUIPMENT
Document Date
May 5, 2026
Contract Term
60 months financing
Renewal Date
2031-05-01
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