City signs lease-purchase agreement for two new fire trucks
Published 7:18 pm Monday, December 18, 2023
The Board of Mayor and Aldermen Monday adopted a resolution approving a lease-purchase agreement with Delta Bank to pay for two Vicksburg fire trucks.
Mayor George Flaggs Jr. said using lease purchase allows the city to spread out the payment for the trucks over a longer period.
“It helps with our budget,” he said.
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According to the lease-purchase agreement, the city will make payments of $11,607.83 per month over the life of the 10-year agreement. The total cost of the trucks is $1.1 million.
Delta’s interest rate for the lease-purchase is 4.7 percent. Other companies submitting bids were Trustmark Bank, 4.98 percent; Flagstar Public Finance of Towson, Md., 5.244 percent; and Bank Funding LLC, Towson, Md., 5.01 percent.
Delta’s selection came after the board sought lease-purchase proposals for a second time.
The board initially advertised for proposals in early September and opened four on Sept. 18 with Trustmark Bank having the low bid at 4.91 percent. Four days later, at a Sept. 29 meeting, the board learned that Flagstar had submitted a bid on the lease purchase on time for the opening but the package was mislaid and not included when the bids were opened. Flagstar’s bid was 4.798; lower than any of the four bids opened by the board on Sept. 18.
The board on Oct. 12 opened Flagstar’s bid, then rejected all bids and re-advertised for bids.
The E-1 Typhoon pumpers were ordered by the department in 2021 from Sunbelt Fire Apparatus of Fairhope, Ala. Both diesel-powered pumpers have 1,500-gallon-per-minute pumps, with 1,000-gallon water tanks.
The trucks also each have 65-gallon diesel tanks and storage room for 10 spare air bottles and each truck has 400 feet of hose in a bumper storage box, a backup camera and bumper storage for400 feet of hose and LED lighting on the front, sides and rear and traffic aids to help notify traffic when they are working on the streets.