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Clayton County commissioners reject PNC lease to buy six fire trucks, seek more review
Summary
The Board declined a proposed $5.11 million purchase financed through a PNC master lease after commissioners raised concerns about interest rates, prepayment penalties and timing; staff warned postponing could raise vendor prices and delay delivery.
The Clayton County Board of Commissioners voted down a resolution to authorize a master lease purchase with PNC Bank for six fire apparatus, citing concerns about cost and contract terms.
County staff told commissioners the purchase price for six fire trucks is roughly $5.11 million and recommended using $1 million already budgeted in the Fire Fund as a down payment, financing about $4.11 million over five years. Staff said the county had been offered a…
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