Decatur council approves purchase of aerial fire truck, allocates $1.08M down payment
At its May 6 meeting the City of Decatur Common Council authorized purchase of an aerial fire truck, directing staff to apply $1,000,000 from city funds plus an $83,553 vendor discount (combined $1,083,553) as the down payment to lock the current price.
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The City of Decatur Common Council voted May 6 to proceed with the purchase of an aerial fire truck and to fund the down payment using a combination of city funds and a vendor discount. Clerk-Treasurer Kevin Hackman presented financing options and said Republic First National had quoted interest rates ranging from 4.67% (7 years) to 5.17% (12 years); Berne Bank quoted 5.5%–5.75% and a likely lower quote from the Indiana Bond Bank was pending.
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