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Council tables ambulance refinance while asking for a 5‑year comparative quote
Summary
Country Roads Leasing offered a lower long‑term rate for ambulances 716 and 717, but the council unanimously tabled action and requested a comparable five‑year quote before deciding.
A financing proposal for ambulances 716 and 717 was presented at the Feb. 10 Nutter Fort council meeting by Jeff Smell of Country Roads Leasing. The proposal quoted a 4.85% interest rate over eight years; councilors noted the town's current WesBanco arrangement carries a 5.5% rate for five years.
Recorder Natalie Haddix moved to table the refinance discussion pending a comparable five‑year quote from the presenter; the motion passed unanimously. Council asked the lender to return with that shorter‑term comparison to allow a direct apples‑to‑apples assessment of interest costs and total payments before authorizing a refinance.
