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BOARD OF TRUSTEES MEETINGS FOR OCTOBER WILL BE ON THE 5th & 19TH @ 5PM

RENT-TO-OWN AGREEMENT

The Sylvania Township road and service department is set to enter into a rent-to-own agreement for the purchase of a front-end loader.

Rob Nash, department superintendent, was given approval by township trustees to go ahead with the deal with Murphy Tractor and Equipment, 12418 Wiliams Rd. Perrysburg.

Mr. Nash, noting that the township pays up to $10,000 per year to rent a front-end loader primarily for work in the winter, had decided to add the purchase of one to his proposed budget items next year.

He said, however, that he had reached a deal with Murphy where rental payments of $4,500 per month can be fully applied to an eventual purchase price.

A front-end loader has a purchase price of about $172,000, but with the credit from rental payments and the likely trade-in of a backhoe, Mr. Nash estimates the final cost at about $150,000.

 

Written by: Mike Jones, Public Information Officer
Published: September 9, 2021

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