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Nutter Fort tables ambulance refinance pending comparable 5-year quote
Summary
Councilors tabled a proposal to refinance ambulances 716 and 717 after Country Roads Leasing offered an 8-year quote; the council requested a comparable 5-year rate and voted to revisit the matter.
Recorder Natalie K. Haddix moved to table consideration of an ambulance refinancing proposal after a presentation by Jeff Smell of Country Roads Leasing. Smell said the town's current loan through WesBanco carries a 5.5% interest rate for five years; Country Roads provided a 4.85% proposal for an eight-year term and was asked to prepare a comparable five-year quote.
The motion to table, seconded by Councilor Charlene Louk, passed by unanimous roll call (Councilors Rick Lafferty, Karen Phillips, Charlene Louk, Recorder Natalie K. Haddix, Councilor Shawn Spurlock voted yes; Councilor Sam Maxson was absent). Councilors asked for the shorter-term quote before making a refinancing decision.
