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Commission debates 107-foot ladder truck lease; decision deferred after motion to deny withdrawn
Summary
Commissioners debated a proposed 15-year lease to buy a 107-foot Pierce aerial ladder truck for $1,907,008; concerns included financing terms, price/interest rate variability, and alternatives such as grant funding or property sales. A motion to deny the lease was made and later withdrawn; no final contract vote occurred.
Panama City commissioners spent an extended portion of the June 10 meeting discussing a proposed 15-year lease agreement to acquire a 107-foot Pierce aerial ladder truck for the Fire Department, priced in staff materials at $1,907,008. The package included an associated equipment proposal and a lease-financing term that staff presented as a 15-year lease.
Staff provided context on why a ladder truck is being considered: the National Fire Protection Association (NFPA)…
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