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Salinas council approves lease-financing plan to buy fire apparatus; engines won’t arrive for years
Summary
The Salinas City Council approved a lease-purchase financing package Feb. 3 to buy multiple fire apparatus, using a mix of land-sale proceeds and tax-exempt financing; staff said lead times are currently about five years, delaying delivery until roughly 2030.
The Salinas City Council on Feb. 3 approved a financing plan to acquire several new fire vehicles, including two Pierce Enforcer type 1 engines, a Pierce tractor-drawn aerial and a BME Type 6 brush engine, authorizing staff to execute related financing documents.
Finance Director Celine Andres told the council the city will pay for one Type 6 engine and one Pierce Enforcer with cash from recent land-sale proceeds (about $1,477,000) and will finance the remainder through the city’s master equipment lease with Bank of America Public Capital Corp. The total amount to be borrowed was described in staff slides as about $3.261…
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