Martin County plans to help temporarily fund a new bus for the Prairie Lakes Transit System by paying just over $48,000 to the Faribault and Martin County Joint Transit Board.
The price of the vehicle would not drain the Transit Board’s finances if it had to purchase the vehicle on its own, but it could potentially lead to a cash flow problem.
Martin County Commissioners, on Tuesday, heard from Prairie Lakes Transit Director Jeremy Monahan, who presented a request concerning the purchase of the new bus. A 2018 Ford Elkhart vehicle was purchased by the Joint Transit Board last year and is set to be delivered in coming weeks. Once it is received and passes inspection, the Board has 30 days to submit payment to the vehicle vendor.
The loan is asked to be giving in the same proportion of the established responsibility for each County which is 62 percent or $48,000 for Martin County and 38 percent or $29,000 for Faribault County. Monahan expects the vehicle to be here and inspected by the end of the month.