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Little Canada <br />Fire Department, Inc. 325 Little Canada Road East <br />Little Canada, Minnesota 55117 <br />Office: (651) 792-7680 <br />Fax: (651) 766-7092 <br />Little Canada <br />Fire Department, Inc. 325 Little Canada Road East <br />Little Canada, Minnesota 55117 <br />Office: (651) 792-7680 <br />Fax: (651) 766-7092 <br />Little Canada <br />Fire Department, Inc. 325 Little Canada Road East <br />Little Canada, Minnesota 55117 <br />Office: (651) 792-7680 <br />Fax: (651) 766-7092 <br /> <br /> <br /> <br />To: Mayor Fischer and Members of the City Council <br />From: Don Smiley, Fire Chief <br />Date: 11/13/2024 <br />RE: Final ladder truck payment <br /> <br />ACTION TO BE CONSIDERED: <br />Motion to approve the final payment of $705,931.96 for the new 110’ Pierce aerial truck. <br /> <br />BACKGROUND: <br />The new ladder truck has been delivered to our local vendor for tool and equipment mounting. <br />The initial payment of $675,449 was made at the time of contract signing. The final payment <br />of $675,449 is now due. <br /> <br />The fire department had change order items in the amount of $30,482.96, bringing the total <br />final payment due $705,931.96. The fire department will add the change order amount of <br />$30,482.96 to our annual donation in December. <br /> <br />Summary of the costs: <br />110’ aerial truck $ 1,369,922 <br />Interest credit for 50% payment at the time of contract signing $ - 19,024 <br />Change order items $ 30,482.96 <br />Total cost $ 1,381,380.96 <br />Prepayment $ 675,449 <br />Final payment due $ 705,931.96