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Kiskiminetas board selects FNB 6-year lease and agrees $100,000 upfront funding mix
Summary
After discussing donations and auction proceeds, the board voted to finance approved vehicle purchases through FNB with a six-year term and to use $80,000 from the general fund plus $20,000 from police forfeiture for up-front costs.
Supervisors discussed multiple funding sources and leasing options for vehicle purchases at the July 22 workshop and approved financing through FNB using a six-year lease term.
Supervisor Ross proposed using a donation from CNX and proceeds from a recent vehicle auction as down payments to lower financing costs. Township Manager Murray reviewed several leasing options and "recommended going with the quote provided from FNB due to lower interest rate and terms that would make budgeting for payments easier over the life of the lease." The board heard that police forfeiture funds may be used only for police-vehicle purposes and that the township deposits donation and auction proceeds into the general fund.
Supervisor Hilliard expressed concern about financing terms that exceed the typical service life of patrol vehicles; Sergeant Tessmer said patrol vehicles "typically only last 3-5 years." The board ultimately moved, seconded, and passed a financing motion to proceed with the FNB affiliate lease and to apply $80,000 from the general fund and $20,000 from the police forfeiture fund toward up-front costs.
Next steps: Staff will finalize lease documents with FNB and return procurement and financing paperwork for administrative processing.
