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Council tables ambulance refinance request pending comparable five‑year quote
Summary
Country Roads Leasing offered an 8-year refinance at 4.85% for ambulances 716 and 717; councilors requested a comparable five-year quote and voted unanimously to table the matter.
Jeff Smell of Country Roads Leasing presented a refinancing proposal for ambulances 716 and 717 at the Feb. 10 meeting, contrasting an existing WesBanco loan at 5.5% over five years with Country Roads’ 4.85% offer over eight years. Councilors requested a comparable quote on a five-year term before deciding.
Recorder Natalie Haddix moved to table the ambulance-refinance discussion until a comparable five-year offer could be provided; Councilor Charlene Louk seconded the motion. A roll-call vote was recorded and the motion to table passed unanimously. The council did not take further action on refinancing at the meeting.
The motion preserves time to evaluate term-length tradeoffs between a lower interest rate over a longer period and the town’s current five-year obligation. Staff asked Country Roads Leasing to return with a five-year quote so the council can compare total finance costs and payment schedules.
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