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Form #: B-52 <br /> 7/18/91 <br /> DEPARTMENT OF FINANCE <br /> REQUEST FOR COUNCIL ACTION <br /> DEPARTMENT: Fire DATE: 12/10/12 <br /> STAFF CONTACT: Darren Rosario 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 15 at North Kohala and Engine 9 at Waimea 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 /> SIGNED: "" DAT ED: EC 1 0 2012 <br /> Department Head <br />