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87 <br />88 Purchasing a diesel or EV fire engine outright with cash would completely deplete the existing Fire CIP <br />89 Equipment Fund. Staff will be exploring grant opportunities to help lower the cost of purchase of an EV <br />90 Fire Engine. As an alternative, staff would suggest the City Council issue general obligation equipment <br />91 certificates, which many cities use to purchase capital items. The general obligation equipment notes <br />92 would provide a low interest rate of 3 to 4% over a 7-year period. Information about the impact of the <br />93 Fire Vehicle and Equipment Fund is included in the attached PowerPoint presentation. <br />94 It should be noted that the issuance of equipment certificates would not occur until 2025 as payment on <br />95 the fire engine would not occur until the beginning of 2026. <br />96 <br />97 Finally, Rosenbauer, the manufacturer of fire engines, is holding to 2023 pricing until the end of January <br />98 to allow the City Council to make a decision. <br />99 <br />100 Staff Recommendations <br />101 Staff recommends Council to enter into a contract with Rosenbauer to purchase an EV Fire Engine and <br />102 sell an existing reserve engine. <br />103 <br />104 Requested Council Action <br />105 Approve the transition to EV and purchase an EV Fire Engine and approve the sale of existing reserve <br />106 diesel engine. <br />107 <br />108 <br />David Brosnahan, Fire Chief <br />Prepared by: <br />1. Apparatus Purchase Power-Point <br />Attachments: <br />109 <br />Page 3 of 3 <br />Qbhf!21!pg!219 <br /> <br />