New pumper, rescue truck to join RVFD

The Rockdale Volunteer fire Department is making major upgrades to its aging f leet as the city council finalized plans to purchase a new $ 350,000 pumper during Monday’s council session.

A lso Monday, t he c ou nci l okayed a “consent to pledge” agreement with the RVFD for a new rescue truck, to be purchased by the fire department.

The new pumper was coupled with a $1.68-million water tower to be funded with $2,075,000 certificates of obligation, okayed on Monday.

BEST BID—The council—on a 5-0 vote with Councilman Allan Miller abstaining—okayed the bid of Regions Bank to finance the bond issue, after hearing a presentation from financial advisor Jennifer Douglas.

Douglas said the two lowest bids of the four received were from Regions and Classic Bank of Rockdale.

She said Regions bid a fixed 3.324 percent for 20 years, while Classic’s Bid was 2.25 percent for the first five years with the rate to “reset” at that time.

“Classic bid a floor of 3.0 percent and a cap of 4.15 percent,” Douglas said.

She recommended the Regions bid. “Interest rates are at historic lows and we think they are bound to go up,” she said. “You have a chance to lock a low rate in at 20 years. We think the Classic Bank would probably re-set at the cap, 4.15-percent, in five years.

Should that be case, Douglas said in the first five years payment on the Classic bid would be $6,000 less but for the next 15 years it could be $10,000 more.

“I certainly want to do business here in town,” Mayor Pro Tem Doug Calame, who presided, said. “But this is ‘a bird in the hand worth two in the bush’.”

Calame’s motion to accept the Regions bid was seconded by council member Joyce Dalley.

REPLACEMENT—Fire Chief Herbie Vaughan showed a Power Point presentation and discussed the current RVFD fleet.

He said the new pumper, to be purchased from Metro Fire, will replace a 22-year old Ford pumper which was purchased in 1989 for $102,000.

Delivery is expected within 60 days.

The new rescue truck is targeted to replace a 1994 Ford unit. “We’ve had a lot of trouble with that one and it’s time to replace it,” Vaughan said.

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