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Arkansas City approves lease-purchase and loose-equipment buy to outfit new fire engine
Summary
The Arkansas City Commission unanimously approved buying loose equipment for a 2025 Ferrara fire engine and entering a 10-year lease-purchase with Union State Bank at a 4.25% rate to finance the engine and gear, after the fire chief described delays and equipment needs.
The Arkansas City Commission voted to authorize purchase of loose equipment for a 2025 Ferrara fire engine and approved a lease-purchase agreement to finance the engine and associated gear. The commission’s motions passed by voice vote at a special meeting.
Chief Cassidy told the commission the truck, purchased in 2023, has been delayed "two and a half years" and that some components were built with the wrong motor; he urged the city to accept delivery to avoid manufacturer interest charges.…
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