Laserfiche WebLink
<br /> <br /> STAFF REPORT <br /> <br /> <br /> <br /> <br />TO: Mayor Keis & Members of the City Council <br /> <br />FROM: Joel Hanson, City Administrator <br /> <br />DATE: February 16, 2017 <br /> <br />RE: Fire Truck Purchase <br /> <br /> <br />Attached is correspondence from the Little Canada Fire Department relating to the purchase of a new <br />fire truck. This truck is a pumper and will be replacing a unit that was purchased back in 1994. In <br />addition to the truck, they will also be purchasing additional equipment to property outfit the truck (a <br />listing of that equipment is attached). It should be noted that the equipment purchase was not <br />budgeted in the General Capital Improvement Fund #400. <br /> <br />We have been budgeting over $100,000 a year for a number of years now to help fund the replacement <br />of fire apparatus. At the end of 2016, we projected that fund to have over $1,132,000 available for <br />this purpose. The cost of the truck is $636,786 if we pay 100% of the cost up front and before the end <br />of February. In doing the math, the discount for a cash payment warrants the use of this option given <br />that rate of return is higher than we can currently earn by investing the cash ourselves. <br /> <br />With the additional loose equipment, estimated at $60,000, and some additional equipment mounting <br />brackets that will be needed, the total price of the new truck after equipping it will total $702,286. <br />There will be a future recovery associated with the sale of the 1994 Pumper, but that number is <br />unknown at this time. <br /> <br />Staff recommends authorize the purchase of the truck and related equipment from the Fire Equipment <br />Replacement Fund #457 at a total cost of $702,286 and subject to any sale proceeds from the 1994 <br />Pumper being received by Fund #457. <br /> <br />cc: LCFD <br /> <br /> <br />Steve Peters of Masterpiece Homes, Inc. will be present at Wednesday’s workshop to discuss the <br />possible development of the Twin Lake Boulevard land we own. Their concept layout is attached for <br />your review. <br /> <br />Some of the issues to be clarified if this process moves forward include the following: <br /> <br />• Density of development <br />• Access points to Twin Lake Boulevard <br />• Screening along the north property line.