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Lake Bluff committee weighs ramping vehicle-replacement contributions as equipment costs climb
Summary
Committee members reviewed the village vehicle/equipment replacement fund and discussed a smoothing strategy to avoid sudden large contributions amid rising apparatus and outfitting costs; staff reported 42 fleet assets (28 vehicles, 14 heavy items) and proposed gradual contribution increases.
Bettina introduced a detailed look at the village’s vehicle replacement fund (VRF/ERF), telling the Finance Committee staff’s inventory includes 42 assets—28 vehicles and 14 heavy pieces of equipment—and that the overall average age is about 11.6 years (vehicles ~9.4 years, heavy equipment ~15.7 years). "So 42 assets, 28 vehicles, and 14 heavy equipment," she said as part of the fund review.
Staff said historic replacement rules (replace when repair cost approaches half of replacement cost) have shifted because…
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