Escambia County Bank in Flomaton was awarded the low bid of 1.92 percent on a $1,257,000 loan by the Escambia County Commission to purchase nine new dump trucks.
County Clerk-Administrator Tony Sanks told commissioners the loan is for a five-year period. Sanks also noted the county will sell nine used dump trucks at auction and the proceeds from the sale will go against the loan.
Sanks noted after the sale he expects the loan amount to drop to a little more than $600,000 which leaves the county with nine new dump trucks with 50 percent equity.
In other business Monday, the commission approved...