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Council weighs timing and financing for two fire pumpers as CIP gaps emerge
Summary
City staff presented an opportunity to buy two pumpers now at below-anticipated prices but warned the purchases would create a near-term CIP deficit; council asked staff to model funding alternatives (interfund loan, modest bond or phased saving) and to return with refined cost and timing estimates.
East Bethel officials told the City Council on March 9 that an opening to buy two fire pumpers now could save roughly $50,000 to $125,000 per vehicle compared with buying later, but completing the purchase would push the city's capital-improvement fund into a short-term deficit.
The fire chief, with staff assistance, reviewed the department's CIP and explained the difference between a depreciation (savings) model and taking on debt. The chief said two…
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