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<br /> <br /> <br />The department is also recommending a 25% prepayment at contract signing, which <br />is a standard industry practice and may provide additional cost protection. <br />BOARD OF DIRECTORS: <br />The LCFD Board of Directors has reviewed and approved both the updated <br />specifications and the proposal, and is forwarding this recommendation to the City <br />Council for consideration. <br />RECOMMENDATION: <br />It is recommended that the City Council: <br />1. Authorize the purchase of the new fire engine in the amount of $1,424,721. <br />2. Approve a 25% prepayment at contract signing <br /> <br /> <br />