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Council approves three-year lease-purchase to finance new ambulance for Springdale Fire Department
Summary
Council adopted an emergency ordinance authorizing a $360,286 lease-purchase agreement with Fifth Third Bank to finance a new ambulance payable over three years; council and staff said the financing process has been multi-year and the ambulance is intended to improve emergency medical services.
Springdale — The Springdale City Council voted May 21 to authorize a three-year lease-purchase agreement with Fifth Third Bank to finance a new ambulance for the city's emergency medical services.
The ordinance authorizes a lease in a principal amount not to exceed $360,286 for the ambulance and was adopted with an emergency clause so funds and the vehicle can be obtained on a timely basis. Council approved the measure 6-0.
Why…
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