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Consider approving three lease financing proposals for the purchase of three fire department apparatus as designated in the City of Lawton Annual Budget for Fiscal Year 2024-2025 and authorizing the Mayor and/or City Manager to sign these proposals from Lease 2, Inc. and subsequent purchase agreements from Heartland Fire Trucks representing The Sutphen Corporation for three fire department apparatus: 1 aerial ladder unit (Sutphen SPH100 Aerial), 1 pumper truck (Sutphen Engine), and 1 medical response unit (Sutphen Rescue).
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INITIATOR: Jared Williams, Fire Chief
STAFF INFORMATION SOURCE: Brent Baggett, Deputy Fire Chief
BACKGROUND: In the City of Lawton Annual Budget for Fiscal Year 2024-2025, the Lawton Fire Department was granted rolling stock funds for the initial amounts to enter into 5-year lease purchasing agreements for three fire department apparatus: $440,000.00 for the aerial ladder unit, $209,000.00 for the pumper truck, and $218,900.00 for the medical response unit. Years 2-5 have equal, but distinct for each separate apparatus.
EXHIBIT: Leasing 2 Proposals for Aerial, Engine, and Rescue
Sutphen Purchase Agreements for Aerial, Engine, and Rescue
KEY ISSUES: N/A
FUNDING SOURCE: Lease Purchase Agreement, Rolling Stock, 4007501-53005
STAFF RECOMMENDED COUNCIL ACTION: Approve three lease financing proposals for the purchase of three fire department apparatus and authorize the signing of these proposals and subsequent purchase agreements for three fire apparatus: 1 aerial ladder unit, 1 pumper truck, and 1 medical response unit.