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4.1. SR 06-04-2001River Item ~ 4.1. MEMORANDUM TO: FROM: DATE: Mayor and City Council Bruce A. West, Fire Chief~~/~//'~----~~ June 4, 2001 SUBJECT: Fire Department Pumper Purchase On behalf of the Elk River Fire Department I would like to thank our truck committee for its dedication and perseverance with this new pumper purchase project. I would like to present to you the findings and conclusions in reference to the new fire department pumper as proposed by the fire department truck committee. The truck committee members are Rick Morrell, Phil Collins, Terry Elliott, Cliff Anderson, Rob Dreissig, Cory Altman and Mike Trunnell. On May 21, 2001 at 2:00 p.m. at Elk River City Hall two bids were received and opened and the results were as follows: Pierce Manufacturing: $249,975.00 Luverne Fire Apparatus: $251,037.00 The fire department truck committee has reviewed the two bids received to ensure adherence to the published truck specifications. The truck committee compared the bid proposals versus the published specifications page by page for any irregularities. After completion of the bid review process, the fire department truck committee voted unanimously to recommend acceptance of the Pierce Manufacturing proposal. The City of Elk River advertised for bids for the pumper fire apparatus for 30 days and bid specifications were requested by four truck manufacturers of which include Luverne Fire Apparatus, Tom Conway Fire Apparatus, General Safety Corporation and Pierce Manufacturing. The truck committee's recommendation is based upon many hours of analysis and comparison of specifications of the products proposed. Both bid proposals meet all federal safety standards, NFPA requirements, noise level requirements and standards mandated by OSHA. The Elk River Fire Department Truck Committee has successfully completed a d/fficult project with the many meetings, preparation of bid specifications, review of pumper frre apparatus proposals and finally recommendation for the purchase of a new fire department pumper. The truck committee members are very excited and pleased with the proposed fire department pumper as to the value and benefits of this purchase for the Elk River Fire Department. Items such as hydraulic generator, larger crew cab, additional cabinet space, turning radius, body manufacturing process and crew cab design are just some of the items the truck committee based their unanimous recommendation upon. I have discussed the entire bid process and proposals with Finance Director Lori Johnson as well as the possible funding options. Lori Johnson has included a memo in reference to the financing of the ne~v fire department pumper apparatus. Please review Lori's memo in regards to financing and financing options. Action requested On behalf of the Elk River Fire Department and its truck committee, I am requesting Council approval for the Pierce Manufacturing pumper f~re apparatus proposal for $249,975.00. The approximate delivery date of the new pumper fire apparatus will be 180-210 days. I will be present at the June 4, 2001 Council meeting to answer any questions the Mayor and City Council may have in reference to the above issue. MEMORANDUM Item 4. I. TO: Mayor and City Council FROM: Lori Johnson, Finance Director DATE: June 4, 2001 SUBJECT: Authorization to Purchase Fire Pumper Apparatus The Fire Department is requesting authorization to purchase a pumper from Pierce Manufacturing, Inc. for the bid price of $249,975.00. There are several ways to finance this purchase including financing options offered by the manufacturer and the issuance of equipment certificates. There are several advantages to using equipment certificates to finance this purchase. First, the interest rate is approximately two percent lower than the manufacturer's rate. Second, even though current plans are to repay the equipment certificate through transfers from the Capital Outlay Reserve fund, a tax could be levied to fund the debt, if needed. Issuance of equipment certificates is consistent with the 2001 budget including repayment of the certificates through the Capital Outlay Reserve fund. The resolution authorizing the issuance of equipment certificates for this purchase will be presented to the Council for consideration at a future meeting. As I mentioned during the audit presentation, the 1989 Fire Equipment Bonds issued to finance the aerial ladder truck were paid offin February and $46,128.31 remains in that fund available for use as the Council sees fit. The Council may want to consider applying these funds to the purchase of the pumper to reduce the amount financed through equipment certificates. Finally, the Pierce offers a discount for prepaying the chassis. This prepayment will be made resulting in a savings of $3,793.00 Action Requested The City Council is asked to consider whether the 1989 Fire Equipment Bond Fund Balance should be applied to this pumper purchase. BALANCE SHEET Date: 05/30/01 Time: 9:17am CITY OF ELK RIVER Page: 1 As of: 05/30/01 Balance F 'ype: DS DEBT SERVICE F~.,~: 341 1989 FIRE EQUIP BONDS Assets CURRENT ASSETS 1010 Cash 1012 Fair Value-investments 1380 Interest Receivable CURRENT ASSETS 44,463.31 755.00 910.00 46,128.31 Total Assets 46,128.31 Reserves/Balances FUND EQUITY 2400 Fund Balance 2600 Change In Fund Balance FUND EQUITY 112,488.26 -66,359.95 46,128.31 Total Reserves/Balances 46,128.31 Total Liabilities & Balances 46,128.31