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Council reviews multi‑year vehicle replacement fund; staff highlights lease program and Tesla cost case
Summary
Staff showed the vehicle/equipment replacement fund plan (VERF), including that FY27 could require replacing ~61 vehicles, and presented a Tesla vs. Tahoe lifecycle comparison that suggested lower lifetime costs for EVs under certain assumptions.
Presenter (S4) reviewed a multi‑year vehicle and equipment replacement plan that operates through an internal service (lease) fund paid by departmental contributions rather than property tax. Staff said 13 vehicles were replaced in 2025 and that the VERF is projecting replacement needs for fiscal year 2027 of about 61 vehicles (with an option that could make it 62 depending on personnel decisions).
Presenter (S4) explained lease payments commence when a vehicle is received and that delivery timing can affect when funds are expended. The presentation included fuel, maintenance and acquisition cost trends; staff projected a multi‑year balance that could support future cycles and noted that larger purchases, such as ambulances, while approved earlier would be paid in later years when delivery is expected.
On vehicle type economics, staff compared a Tahoe and a Tesla on lifecycle costs and lifespan assumptions. Presenter (S4) said a Tesla could last eight years with an estimated eight‑year cost of about $123,000, while keeping a Tahoe for eight years could yield an estimated lifetime cost around $165,000. Staff noted lease and maintenance assumptions underpin those estimates and that the city will continue evaluating EVs as part of fleet strategy.
