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Council selects 3-year, 3.95% Commercial Bank option to finance SCBAs
Summary
Facing several loan quotes, the council chose Commercial Bank's 3-year option at 3.95% APR to finance new SCBA equipment; Councilmember Tyler Julich abstained from the vote.
The council reviewed multiple financing quotes for purchasing self-contained breathing apparatus (SCBA) for the city's fire or emergency response inventory. Options included Commercial Bank (3 years — 3.95% interest), Community National Bank & Trust (2–3 years — 5.75%), Great Southern Bank (2 years — 5.75%), and Labette Bank (2 years — 4.3%–4.5%).
Councilmembers agreed the Commercial Bank offer (3 years at 3.95%) was the best option. Councilmember Lyle Sykes moved and Councilmember Zachary Sellers seconded a motion to approve the Commercial Bank quote; the motion carried and Councilmember Tyler Julich abstained from voting. The transcript records the financing terms and the abstention but does not provide a roll-call tally beyond "motion carried."
