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Council delays ambulance refinance decision pending shorter-term comparison
Summary
Council discussed refinancing ambulances 716 and 717 after a Country Roads Leasing quote (4.85% for 8 years) was presented; members asked for a comparable five‑year quote and voted to keep the item under unfinished business to revisit later.
Council reviewed refinancing options for ambulances 716 and 717 after a representative from Country Roads Leasing provided several term-length quotes. Members noted the town's current loan through WesBanco carries a 5.5% interest rate over five years; Country Roads Leasing offered 4.85% for eight years. Councilors expressed concerns about financing both units together and requested a comparable five-year quote to aid comparison.
Councilor Rick Lafferty moved to retain the item as unfinished business and revisit it in a few months in anticipation of lower interest rates; Councilor Charlene Louk seconded, and the motion passed unanimously on roll call. No refinancing action was approved at the Feb. 24 meeting.
