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Lewistown council approves $1.45 million lease/loan for new fire truck, 5-2 vote
Summary
Lewistown Borough Council approved Resolution 2025-5 to finalize leasing paperwork and a loan for a new fire truck. The borough will put $200,000 down and borrow $1,446,726 over 10 years at a 4.79% rate; the vote was 5-2.
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.…
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