Council tables ambulance refinance while seeking comparable five‑year quote
Summary
Recorder Natalie Haddix moved to table a refinancing proposal for ambulances 716 and 717 until the presenter can supply a comparable five‑year term; the motion passed unanimously on Feb. 10, 2026.
Jeff Smell of Country Roads Leasing presented councilors with refinancing options for ambulance units 716 and 717, saying his firm could offer a rate of 4.85% over eight years compared with the town's current WesBanco financing at 5.5% for five years.
Recorder Natalie Haddix moved to table the refinancing discussion and asked Mr. Smell to return with a comparable five‑year quote; Charlene Louk seconded and the motion passed unanimously in a roll call vote. Councilors did not commit to any refinancing at the meeting and left the existing WesBanco arrangement in place pending the requested comparison.
The presentation and tabling ensure staff and council will have a direct term‑by‑term comparison before deciding whether to extend the debt service period to obtain a lower annual rate or to retain the shorter term at a higher rate.
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