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Texarkana board approves $675,384 finance agreement for new fire pumper
Summary
The board authorized a $675,384 purchase of a new fire pumper to replace an aging unit, to be financed over 10 years through Government Capital Corporation with annual payments of $88,782.39 beginning June 2027; staff said buying now will avoid higher prices later.
The Board of Directors voted June 1 to authorize a finance agreement with Government Capital Corporation to purchase a new fire pumper at a total cost of $675,384, with financing structured over 10 years and annual payments of $88,782.39 starting June 2027.
Fire Chief Fletcher told the board the department operates seven trucks, two in reserve, with the oldest reserves more than 20 years old and frontline units ranging from 2012 to 2022 models. "Purchasing one now will save a considerable amount of money compared with waiting till 2027," Chief Fletcher said, urging replacement to maintain response capacity.
Board members asked whether staff obtained multiple prices. Chief Fletcher said he had contacted apparatus manufacturers and compared specifications; staff also noted the purchase would be made through a government buy board (HGAC) to match required equipment specifications. The city said the replaced unit will be moved to reserve status and the oldest truck will be auctioned.
On roll call the board approved the finance agreement; the city recorded affirmative votes by the directors and the mayor. Staff indicated the financing will be executed through Government Capital Corporation and that the purchase is intended to preserve service levels and take advantage of current pricing.
The purchase authorizes staff to complete the finance agreement and begin the build/specification process for the apparatus.
