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HomeMy WebLinkAbout24-027 Resolution Approving Deposit for Fire Ladder Truck 4646 Dakota Street SE Prior Lake, MN 55372 RESOLUTION 24-027 A RESOLUTION APPROVING THE DEPOSIT FOR NEW FIRE LADDER TRUCK Motion By: Braid Second By: Churchill WHEREAS, each year the City Council adopts an Equipment Replacement Plan as part of the Capital Improvement Program (CIP); and WHEREAS, the Fire ladder truck purchase was approved by City Council on September 18th, 2023, Resolution 23-123. WHEREAS, The executed purchase agreement with MacQueen Equipment reflects a purchase price of $1,769,540 if the city makes a $400,000 prepayment by 3/31/2024. NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA as follows: 1. The recitals set forth above are incorporated herein. 2. The Mayor and City Manager are hereby authorized to make a payment in the amount of $400,000 to secure the purchase of the new ladder truck. 3. A $400,000 transfer from the Public Safety Special Revenue Fund 270 to the Revolving Equipment Fund 410 is authorized to fund this payment. . Passed and adopted by the Prior Lake City Council this 12th day of March 2024 VOTE Briggs Braid Burkart Churchill Lake Aye ☒ ☒ ☒ ☒ ☒ Nay ☐ ☐ ☐ ☐ ☐ Abstain ☐ ☐ ☐ ☐ ☐ Absent ☐ ☐ ☐ ☐ ☐ ______________________________ Jason Wedel, City Manager