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Council defers ambulance refinance decision amid small rate spread
Summary
The council kept ambulance refinancing for vehicles 716 and 717 under unfinished business after hearing options that offered slightly lower rates; members said they will revisit the matter in a few months hoping for lower interest rates.
The Town of Nutter Fort council discussed refinancing two ambulances (716 and 717) and voted to keep the item under unfinished business so it can be revisited in a few months.
Officials reviewed proposals from Country Roads Leasing that included an example quote of 4.85% interest for eight years, compared with the current WesBanco arrangement at 5.5% for five years. Councilor Rick Lafferty moved to defer further action to await potentially lower rates; the motion passed unanimously in a roll call with Councilors Lafferty, Phillips and Louk and Recorder Natalie Haddix recorded as voting and two councilors absent. The council requested a comparable five-year quote be returned for comparison.
