Four years ago, Lauderdale County bought two motor graders from Puckett Machinery under a guaranteed buy-back program.
The company accepted the graders back Monday and presented the county with a refund check of over $250,000.
"Then at the end of three, four or five years, they have the opportunity to sell that machine back to Puckett Machinery at a pre-determined price. We bid the machine to the county. We guarantee the county "X" number of dollars for that machine at the end of three years, four years or five years," said Benny Jones of Puckett Machinery.
The equipment originally cost the county a total of $286,000. That puts the cost of use for the past four years at $18,000 each.