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Council hears staff recommendation to pursue multi-year cash-installment purchase for new ladder truck
Summary
City staff presented prolonged manufacturer lead times and recommended a three-installment cash-purchase option for a Pierce ladder truck to capture discount—$600,000 Sept. 1 this year, $600,000 next year, and remaining ~ $450,000 in 2027—staff said it would save roughly $180,000 versus paying on delivery and keeps city funds earning interest.
City staff told the Layton City Council on Aug. 7 that long manufacturer lead times for ladder trucks (about 42–43 months) and supply-chain constraints make traditional single-year procurement impractical.
Fire-department presenter (Speaker 7) summarized Pierce's quote options: a pay-on-delivery price near $1.826 million and a paid-in-full discounted option near $1.6 million (about $220,000 savings at the time the quote was produced). Staff proposed an alternative cash-installment arrangement to protect the city's cash and still capture substantial savings.…
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