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The committee will be reconvened 2 years prior to the estimated replacement date (unless the <br />original committee meeting date fell into this date range) to again evaluate the above mentioned <br />criteria. <br /> The committee report will be forwarded to the Board of Directors for their review and action. <br /> ** Estimated replacement cost – For all vehicles except the grass rigs/pickups the cost is an <br />estimate using a 4 % increase per year, based on the vehicle’s original purchase price. For the <br />grass rigs/pickups and command vehicles the cost was calculated using a 3 % increase per year. <br />The 4% is a rough standard used by the fire truck industry. The 4 % increase should account for <br />annual inflation, technological advances, and mandates imposed by the National Fire Protection <br />Association.