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Form #: B -52 <br />7/18/91 <br />DEPARTMENT: Fire <br />STAFF CONTACT: Darren Rosario <br />SIGNED: <br />DEPARTMENT OF FINANCE <br />REQUEST FOR COUNCIL ACTION <br />DATE: 8/24/11 <br />PHONE: 932 -2906 <br />A. REQUEST: <br />Please prepare a resolution authorizing the payment of funds - in a later fiscal year and for more than one <br />fiscal year - for a multi -year lease of two (2) fire apparatus (also called fire trucks) for the Fire Department. <br />The lease would specifically be for a five (5) year lease term for critically needed units to replace older fire <br />apparatus. <br />B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): <br />The apparatus are tentatively set to replace Engine 3 at Kawailani and Engine 4 at Kaumana Fire Station. <br />This is to replace two front -line fire protection apparatus that are over twenty years old and resulting in <br />increasing repair and maintenance costs, as well as prolonged down times and unreliability. Anticipated <br />costs are $1,410,000 with interest over a five year lease term. Estimate lease cost is $23,500 per month or <br />$282,000 annually for both. <br />Depa ment Head <br />DATE: ! i 1, <br />