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The City of Knox will pay for a new International 4300 dump truck for the street department over a three-year period rather than completing the purchase in a single budget year. Mayor Rick Chambers says the chassis carries a price tag of nearly $64,000 plus $55,000 for the box. He told the council they can use the $30,000 remaining in the current year’s budget as a down payment on the vehicle and finance it for three years at a rate of 3.11 percent. Continue reading