City of Albion Council Regular Meeting Agenda 2026-05-18
Albion Buys Jet/Vac Truck and Sewer Camera from MTECH
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Description
Albion City Council approved purchasing a Camel Jet/Vac truck and a Cues sewer camera system from MTECH for a combined $892,221.96 as part of a financed DPW equipment package. The equipment will enhance daily sewer cleaning and inspection operations and includes guaranteed buyback options over 5–7 years.
Contract Details
Contract Amount
$638,313.96 for Camel Jet/Vac Truck; $253,908.00 for Cues camera setup (total $892,221.96)
Vendor
MTECH
Agency
City of Albion, MI
Contract Type
EQUIPMENT
Document Date
May 18, 2026
Contract Term
Financed over 5–7 years at 4.77%–4.87% interest; first payment due May 2027
Renewal Info
Financing term 5–7 years with interest rates between 4.77% and 4.87%; MTECH offers buyback ranging from 35% value at 5 years to 25% at 7 years for the Jet/Vac, and 25% at 5 years to 15% at 7 years for the camera system.
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