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Salt Lake City fire chief seeks council authorization for five-year lease purchase of pumper engine
Summary
At a July 23 work meeting, Fire Chief Addison asked the Salt Lake City Council to authorize a tax-exempt lease purchase with PNC Bank to replace a frontline pumper engine; chief gave cost, timing and lifecycle details and said a council resolution is required by the lender before the lease can proceed.
At a July 23 Salt Lake City Council work meeting, Fire Chief Addison described a planned tax-exempt lease purchase with PNC Bank to replace one frontline pumper engine and asked the council to approve a resolution the lender requires to proceed.
Chief Addison told the council the city budget already authorized the department to enter a lease and that the vehicle will take about 3 to 3½ years to build. “By time we get this started and built, the engine will actually be 1 to 2…
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