Lewistown Borough Council on Monday approved Resolution 2025-5 to finalize leasing paperwork and apply for a loan to acquire a new fire truck, voting 5-2 to move forward.
Council approved a financing package that includes a $200,000 down payment and borrowing $1,446,726 over 10 years. The presenter stated the financing carries a 4.79% interest rate and that the borough expects total interest on the loan to be roughly $381,000. The first loan payment is scheduled for Dec. 15 of this year.
Council and staff described immediate next steps: changing locks at the building that houses the apparatus, placing a roll-off container for the vendor to finish clearing the facility, and sending the vehicle to FireLine for pump work before it goes into service. The presenter said the borough has the deed in hand and had signed required paperwork; title to the vehicle was transferred into the borough’s name the prior weekend.
Council voted by roll call. The recorded votes were: Jim Steele — yes; Steve Knudson — yes; Lisa Knudknson — yes; Matt Moore — no; Bob Bartlett — yes; Scott Gutchell — yes; Debbie Seer — no. The motion passed 5-2.
The council did not identify a mover or seconder for the motion on the record. Staff said the borough will make arrangements for the down payment and complete the closing paperwork immediately.
The council’s discussion included cost and repayment schedule details and brief operational notes about preparing the vehicle for service. No additional ordinances or bond-authorizing documents were adopted at the meeting.
Council members said they expect to make the first payment from the borough’s approved budgeting for capital purchases; no change to the budget was recorded in the meeting minutes.