Special Board of Aldermen 06-21-2021 Page 46
Ms. Johnson OK and what is the return on the trash trucks because they are more of a green truck am |
correct, like the gas that we are using?
Mr. LaFleur
All of our trucks right now are green. We had two that we sent out to scrap metal because there was no
interest in buying them.
Ms. Johnson So on the green trucks to do a trade-in can we do it or are we better off with a diesel truck on
a trade in?
Mr. LaFleur
It depends on the market. A lot of companies are now switching over to CNG right now. So there’s a
market out there, but right now we haven’t had any need to trade any in as of right now because we are
keeping them all on backline.
Ms. Johnson And so when is the next time that we have to buy trucks?
Mr. LaFleur
| currently think | have 1 or 2 on this year but those will become backline trucks for repairs and our busy
times of the year.
Ms. Johnson Thank you.
Fred Teeboom 24 Cheyenne. | think | figured out the $8 million, I’d like you to just confirm on this Waste
Water, you can probably answer it. | see on Page 294, let’s go to Page 296. | see on the Fiscal ’21 $3.3
million. And that is for capital improvements. | see for Fiscal ’22 $11 million, I’m rounding it off capital
improvements. When | go to page 294 | see that $3 million dollars under 2021 the left hand column and |
see the $11 million dollars on the 2022. What! don’t understand now is it says debt proposed. What
exactly does that mean?
Director Fauteux
| didn’t, | am sorry, | didn’t understand, towards the end what did you say? What does what mean?
Mr. Teeboom So you’ve got the $3 million on Page 296 for 2021 and there’s $11 million dollars for 2022 for
capital improvements. It is brought over to Page 294, we see the $3 million dollars on the left hand column
for 2021 but on the 2022 instead of saying that’s an expense it says “Debt Proposed”. What does that
mean “Debt Proposed”.
Mr. Griffin
| can answer that Mr. Chairman. John Griffin, CFO. This is the array of projects that instead of paying
cash for any of them, we are going to bond them. So it’s just a choice of words that we will be bonding this?
Mr. Teeboom You are going to spend $11 million dollars on bonds?
Mr. Griffin
$11 million is the proposed bond amount over time it will be depending on the years.
Mr. Teeboom Wait a minute, that’s not the one-time payment that is the total debt.
