File #: ID 24-3934    Version: 1 Name:
Type: City Council Item Status: Agenda Ready
File created: 10/29/2024 In control: City Council
On agenda: 11/18/2024 Final action:
Title: Resolution - Authorizing the City Manager to Execute a Contract with Ten-8 Fire & Safety, LLC. for the Acquisition of Self-Contained Breathing Apparatus and Authorizing the Execution of a Tax-Exempt Lease Agreement for an Amount not to Exceed $555,970.30 - Chris Byrne, Fire-Rescue Chief, Fire-Rescue Department
Attachments: 1. Resolution 24-67, 2. Equipment Quote Ten-8, 3. Truist Equipment Finance Corp. Proposal 10-29-24, 4. Contract Number 22-730K - Lake County, 5. Master Lease/Purchase Agreement No. 9990007090-02-01-LN003
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Agenda Item: 8(a)
Prepared By: Chris Byrne, Fire-Rescue Chief
Business: Consent Agenda Resolution
Department: Fire-Rescue Department
Title
Resolution - Authorizing the City Manager to Execute a Contract with Ten-8 Fire & Safety, LLC. for the Acquisition of Self-Contained Breathing Apparatus and Authorizing the Execution of a Tax-Exempt Lease Agreement for an Amount not to Exceed $555,970.30 - Chris Byrne, Fire-Rescue Chief, Fire-Rescue Department
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BACKGROUND:

The replacement of the Fire Rescue Department's Self-Contained Breathing Apparatus (SCBA) was presented to the City Council during the FY25 Capital Budget Workshop. The budget presentation explained two potential methods to accomplish this equipment acquisition. First, pursue grant funding through FEMA's Assistance to Firefighters Grant program, if unsuccessful, purchase through the execution of a capital lease. Staff submitted a grant proposal to the Assistance to Firefighters Grant Program in February 2024, however on October 16, 2024 we received a denial notice. Therefore, staff has pursued a capital lease to provide the necessary funding to acquire this equipment.

The Department's current Self-Contained Breathing Apparatus were purchased in 2010 and have reached their 15-year end of service life as defined by the National Institute of Occupational Safety & Health (NIOSH) and the National Fire Protection Association (NFPA) standards.

The Fire Rescue Department Capital Budget includes partial funding for this equipment purchase. The proposed purchase requires no increase in capital funding as funds are available in the Department's capital plan to be applied to the tax-exempt lease debt service.

Staff recommends the execution of a tax-exempt capital lease with Truist Equipment Finance Corporation. The lease will have a 12-year term at a 4.70% fixed interest rate. The annual payment is $38,265.65. The annual capital funding allocation for this project is $35,000 per year, however, ...

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