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Financing Funding <br />Financing the ladder truck via capital <br />equipment certificate: <br />$1,000,000 at 2% (same as 2014 <br />certificate): <br />5-year note would have annual <br />payment of $221,000; Mounds View <br />share (16%) = $37,000 <br />10-year note would have annual <br />payment of $116,000; Mounds View <br />share (76%) = $18,500 <br />If financed at 2.5%: <br />5-year note would have annual payment <br />of $224,000; Mounds View share (16%) = <br />$35,840