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Dunedin approves $1.29 million lease to buy fire engine and solid‑waste truck
Summary
City commission unanimously approved Resolution 25‑14 to borrow $1,291,844 through a Bank of America master lease to finance a new E‑1 pumper and a 40‑cubic‑yard solid waste truck; staff detailed delivery dates, interest rates and fund allocations.
The Dunedin City Commission voted unanimously April 3 to authorize lease‑purchase financing of $1,291,844 for two city vehicles: an E‑1 pumper fire engine and a 40‑cubic‑yard solid‑waste collection truck.
Finance Director Les Tyehrer told the commission the city will use a master equipment lease with Bank of America Public Capital Corp and that the total borrowed amount for the two vehicles is $1,291,844. “The total amount, for both vehicles including interest and financing charges would be $1,487,485,” he said, noting total interest and financing costs of $195,641.
Tyehrer gave…
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