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Decatur council approves purchase of aerial fire truck, allocates $1.08M down payment
Summary
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.
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.
Hackman told the council the vendor offered an $83,553 discount and staff believed the price could rise roughly 2% if the city did not accept the available truck by early June. Council members agreed to assemble $1,000,000 out of various budget funds so that, with the vendor discount, the combined down payment and discount would total $1,083,553.
Council member Tyler Fullenkamp moved to proceed with the purchase using the identified funding plan; the motion was seconded by Abby Wilder and adopted. The motion authorized staff to finalize the down-payment plan and accept the available truck under the terms discussed. No roll-call vote breakdown beyond adoption was recorded in the meeting minutes.
City officials said they had requested an Indiana Bond Bank quote that could reduce financing costs, and that staff would return with final financing details as those quotes were received.
