Fire Rescue is seeking to lease/purchase one (1) Fire Engine (Pumper) consistent with our Apparatus Replacement Plan. The item seeks Councils approval to enter into a three (3) year agreement with U.S. Bancorp Government Leasing. The City-Fire Department entered into two lease agreements with U.S. Bancorp in 2014 for the apparatus placed in service earlier this year.

The current proposal, based on the Florida Sheriffs Association pricing has a total cost of $471,420.99 before financing. Purchasing has identified financing from U.S. Bancorp Government Leasing that provides for annual payments of $162,322.48 for a total cost of $486,967.44 after 1.64% financing. The proposed lease includes annual payments in arrears, making the first payment due February 15, 2017, therefore having no fiscal impact on the FY 2015-16 budget.

The aging fleets cost of ownership has increased significantly in past years, and this purchase will impact those costs. In fiscal year 2016, Fire Rescue spent $157,316.00 on maintenance and repairs of emergency response apparatus. This year, those costs are projected to surpass $160,000.00. The Department will need to purchase the vehicle identified in the Apparatus Replacement Plan to impact the rising repair costs. The purchase will stabilize a much needed and “mission-critical” resource within the Fire Department.

The current proposal includes one (1) fully equipped Fire Engine. Vehicles are delivered fully equipped with all emergency equipment (i.e. lights, sirens, warning devices, etc.)

Fire Rescue will seek to reinstate its normal vehicle acquisition funds in the FY2017 Budget process.