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paid the price would be $278,000. 6.7% rate of return based on 9 <br />months (14,000/278,000). <br />Added cost items are as follows: <br />Air - Conditioning + $7,000 <br />Added Cabinets + $5,000 <br />Ladder Lift + $4,000 <br />Foam System +$10,000 <br />Lightbar + $1,000 <br />Extended Hosebed + $1,000 <br />Pull -Out Tray + $3,000 <br />35' Ladder + $2,000 <br />Given that the truck will last 25 to 30 years, the committee felt <br />these items were justified. <br />The committee reported that the repayment of the $125,000 will be <br />below $29,000. The outstanding balance will be paid within the <br />next few months. Should be easily paid off by the end of the <br />year. <br />There is a commitment on the part of the Fire Department to use <br />gambling funds ($25,000 to $40,000) to pay the balance of the <br />truck over $250,000. <br />Page 131 <br />