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Council delays decision on ambulance refinance, asks for shorter-term comparison
Summary
Councilors reviewed options to refinance ambulances 716 and 717 and asked Country Roads Leasing for a comparable five-year quote after noting a small interest-rate difference; the item was left as unfinished business to revisit in a few months.
Councilors discussed refinancing options for ambulances 716 and 717 after Country Roads Leasing presented several term-length and interest-rate options. The leasing firm had proposed a 4.85% rate for an eight-year term while the town’s current financing through WesBanco is 5.5% for five years; council members requested a comparable five-year quote before making a decision.
Councilor Rick Lafferty moved to keep the item under unfinished business and revisit it in a few months in anticipation of lower interest rates; Councilor Charlene Louk seconded the motion and the roll call showed unanimous support with Councilor Sam Maxson and Councilor Shawn Spurlock absent. The minutes record that financing of both ambulances at the same time raised outstanding issues and that staff will return with additional comparisons.
