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City Council votes 3-2 to table rescue truck financing

Submitted by admin on Wed, 10/04/2017 - 8:21am
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At Monday night’s Glencoe City Council meeting, the city recommended offering the townships the same five-year financing plan as the city of Glencoe for the new Rosenbauer fire rescue truck.
With this payment option, the townships will give a down payment in 2018 and pick up the additional cost of interest at 2.35 percent with each payment thereafter. All together, the townships would pay $15,695 per year.
The townships would still have the option of paying the one lump sum payment, which would be due in approximately March of 2019.
Council Member Cory Neid moved to table the recommendation until the next City Council meeting on Oct. 16 because of other forthcoming city expenses.
“A lot of city expenses are coming up and I think we should discuss this further,” said Neid.
Council Member Milan Alexander seconded Neid’s motion. The vote passed 3-2 with council members Gary Ziemer and John Schrupp voting no.
For more from Monday night's City Council meeting, see the Oct. 4 print edition of The Chronicle.