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Fire Equipment Fund (457) <br /> <br />Background: <br />The Fire Equipment Fund was created in 2013 to accumulate funds for future fire apparatus purchases. <br />The property tax levy has been set at a constant level of funding of $160,000 per year since that time. <br />Beginning with 2025 the tax levy will be decreased to $130,000 per year because of the one-time City <br />contribution in the fund for $450,000 in 2024. The funds are part of the City’s Police Safety Aid received <br />at the end of 2023 and is proposed to be used toward the second payment of the fire Aerial Ladder <br />Truck. <br /> <br />Source of Funds: <br />The property tax levy of $130,000 per year will be the main source of funding for this fund. In addition, <br />the Little Canada Fire Department makes periodic donations to the City, which are accounted for in this <br />fund. <br /> <br /> <br />Uses of Funds: <br />The following purchases in future years: <br />• 2025 - $40,000 – Generator <br />• 2025 - $42,000 – SCBA Fill Station & Compressor <br />• 2025 - $30,000 – Equipment Room Upgrades <br />• 2025 - $250,500 – Efflorescence Remediation – The Cost is unknown, and is an estimate based on <br />the Kraus-Anderson study, worst-case scenario <br />• 2025 - $34,000 – PPE <br />• 2026 - $56,250 Stair Tower Cracking <br />• 2026 - $73,792 Command Vehicle <br />• 2027 - $80,556 Grass Rig/Pickup <br />• 2027 - $68,873 Command Vehicle <br />• 2028 - $988,256 Pumper <br />• 2028 - $70,103 Command Vehicle <br />• 2030 - $623,805 Rescue Utility <br />12