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Streator discusses ordering fire truck now despite multi-year delivery, weighs financing options
Summary
City staff recommended placing an order for a new fire truck with a roughly four-year delivery window and discussed financing approaches, timing for other equipment purchases and bonding constraints; council did not take a formal vote.
City staff told the Streator City Council that a new fire truck has been ordered with an expected delivery roughly four years out and recommended placing the order now to lock in price while coordinating financing and other capital-equipment needs.
The staff member said delivery for the ordered fire truck is about four years away and that the current engine is 36 years old and would be about 40 by the time a replacement arrives. Staff reviewed financing options and said prepaying to obtain a manufacturer discount would be less advantageous than financing, because the discount on prepayment would be smaller…
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