MEADOW VALLEY CORP
EX-10.236
<DOCUMENT>
<TYPE>EX-10.236
<SEQUENCE>8
<FILENAME>p67796exv10w236.txt
<DESCRIPTION>EX-10.236
<TEXT>
<PAGE>
                                                                 EXHIBIT-10.236

EQUIPMENT SCHEDULE NO. 2, dated 3/31/03, to Master Lease Agreement, dated
3/31/03, between THE CIT GROUP/EQUIPMENT FINANCING, INC. ("Lessor") and Meadow
Valley Contractors, Inc. ("Lessee").

This Equipment Schedule incorporates the terms and conditions of the
above-referenced Master Lease Agreement.

This is Originally Executed Copy No. 1 of 1 originally executed copies. Only
transfer of possession by Lessor of Originally Executed Copy No. 1 shall be
effective for purposes of perfecting an interest in this Schedule by possession.

The Equipment listed on this Schedule will be located at
4411 S. 40th Street           Phoenix                       AZ        85040
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Address                       City           County         State     Zip Code

LEASE TERM: The term of this Lease for the items described in this Schedule
shall be 42 months.

RENTALS: For said term or any portion thereof, Lessee shall pay to Lessor the
stated aggregate rentals, of which $0.00 is herewith paid in advance and the
balance of the rentals is payable in 42 equal, successive, monthly payments as
stated, of which the first is due on the first monthly rental date set forth
below, and the others on a like date of each month thereafter, until fully paid.

<Table>
<Caption>
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Item                          Description of Equipment                           Aggregate          Monthly
 No.        (Include make, kind of unit, year, model and serial number.)           Rental            Rental
------------------------------------------------------------------------------------------------------------
<S>       <C>                                                                   <C>                 <C>
One       One (1) Volvo Model A35C Articulated Hauler, S/N A35CV60336           125,370.00          2,985.00
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          And all additions, substitutions, attachments, replacements
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          and accessions thereof, plus the proceeds of all the
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          foregoing.
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</Table>

<Table>
<Caption>
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                    Date                    Date of                   Renewals                 Purchase
Item             Lease Term              First Monthly           (No. of Years and              Option
 No.              Commences                  Rental                Amount per Year)              Price
------------------------------------------------------------------------------------------------------------
<S>               <C>                      <C>                      <C>                       <C>
                  3/31/03                  June 1, 2003                  None                 51,369.96
------------------------------------------------------------------------------------------------------------
</Table>



796 (8/00) Equipment Schedule for Master Lease Agreement             Page 1 of 2
<PAGE>
The Lease Term commences on 3/31/03.

The first Monthly Rental is due on June 1, 2003.

The Lease term may be renewed for N/A months with the Monthly Rental for such
renewal term of None.

The Lessee has the option to purchase the Equipment as of the last day of the
initial Lease term for $51,369.96.

Special Provisions Instructions

SO AS LONG AS THERE ARE ANY OBLIGATIONS OUTSTANDING BY DEBTOR TO SECURED PARTY
UNDER THE REVOLVING LOAN AGREEMENT DATED JULY 17, 2000 THE EQUIPMENT UNDER THE
REVOLVING LOAN AGREEMENT SHALL ALSO SECURE ALL OBLIGATIONS OF THE LESSEE UNDER
EQUIPMENT SCHEDULE NO. 2 TO MASTER LEASE AGREEMENT.

ACCEPTED:

LESSEE:

Meadow Valley Contractors, Inc.
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By /s/ Clint Tryon            Title Sec/Treas.
  --------------------------        -------------------------------

LESSOR:

The CIT Group/Equipment Financing, Inc.
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By /s/ Janae Tam              Title Agent
  --------------------------        -------------------------------



796 (8/00) Equipment Schedule for Master Lease Agreement             Page 2 of 2


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