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  2. Finance Committee - Minutes - 9/5/2018 - P5

Finance Committee - Minutes - 9/5/2018 - P5

By dnadmin on Mon, 11/07/2022 - 11:27
Document Date
Wed, 09/05/2018 - 00:00
Meeting Description
Finance Committee
Document Type
Minutes
Meeting Date
Wed, 09/05/2018 - 00:00
Page Number
5
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_m__090520…

Finance Committee - 9/5/2018 Page 5
pushing self-contained breathing apparatus so we are using air quicker. That vehicle comes at fires that are
second alarm or greater. The problem we have now, as you can imagine, so that takes three employees to
bring these three trucks to an incident. Our plan is to incorporate that all into one vehicle. So we become a
more efficient organization but we can also get that equipment there much quicker.

And again, the equipment that we are replacing is getting rather long in the tooth sort to speak and like any
new vehicle we will get the warranty that comes with it. So we should have a few years here of very limited
mechanical expenditures for it.

Alderman Klee

Thank you. Chief Rhodes, one of the documents that | was looking at, the proposal and the bid, | was a little
confused when | was looking at it, | even wrote myself a note. | must be misinterpreting it but it talks about that
the item is $691,541.00 and then it says minus $13,000.00 for a trade-in allowance for the 1999 and it comes
up with $650,000.00 my math is different. | don’t come up with $650,000.00 at the bottom line. Is that also
including that $59,000.00 you were talking about?

Chief Rhodes

No that is the bottom line purchase price of the vehicle, $650,000.00. That price they do not reflect it in there
because we are not there yet, of the pre-pay option. That’s where that money doesn’t show up. It shows yes
that we are trading in two vehicles to them and we are going to repurpose the third vehicle.

Alderman Klee

Ok so the $650,000.00 is what we are paying for if we do the pre-pay and the $691,000.00 less the $13,000.00
would be if we didn’t do the pre-pay is that correct?

Chief Rhodes

At the end of the day we are paying $650,000.00 for a vehicle that is worth close to $691,000.00 and change.
Alderman Klee

Thank you.

Alderman Caron

Thank you, | think this is great work that your staff has gone to be able to get this kind of a grant of
$650,000.00. | think this is really good for the City and it just shows that we are looking every place we can to
get money from so kudos to you and your staff Chief.

Chief Rhodes

l’ll pass that on, thank you.

Alderman Caron

You're welcome.

Mayor Donchess

Thank you Chief for saving us this money and improving the Department and thank you for coming tonight.

MOTION CARRIED

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Finance Committee - Minutes - 9/5/2018 - P5

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