MEETING MINUTES: Special Meeting of the Fire Dept Board on 5/30/18


Special Meeting

of the

Disney Fire Department Board

May 30, 2018

Meeting called to order by Trustee Shelly Martin at 5:33 p.m. on May 30, 2018, followed by the Pledge of Allegiance.

Answering roll call:  Trustees Norma Crockett, Shelly Martin, and Rick Trevathan.  Quorum was declared.  Trustee Lisa Cookson arrived at 5:41 p.m.  Mayor Chris Tuter was absent.  Disney Fire Chief Larry Sanders, Jr. and Town Clerk Janice Sharp were present.  No visitors were signed in. 

1.  Trustee Trevathan made a motion, with Trustee Martin seconding the motion, to approve the recommendation of the Disney Board of Trustees that the Disney Fire Department propose to the Board of County Commissioners of Mayes County, Oklahoma, the acceptance of a bid submitted by Blanchat Mfg., Inc., specifically, the bid for the lease purchase of the 2018 F550 chassis cab brush fire truck, with the purchase price of $156,970, and the fire truck being in turn-key condition and ready for service upon delivery.  Voting:  Cookson, yes; Crocket, yes; Martin, yes; and Trevathan, yes. 

Discussion:  The parties to the lease purchase agreement will be the Board of County Commissioners of Mayes County, Oklahoma, and Blanchat Mfg., Inc.  The lease purchase will be financed through American Bank of Oklahoma, with a down payment of $30,000 and a remaining financed balance of $126,970.  The down payment and the monthly rental payments will be paid with funds from the Disney Fire Department’s account through the Board of County Commissioners of Mayes County, Oklahoma.  The Disney Board of Trustees and Fire Chief Sanders both agreed that the better option for the financed amount was the five-year term, at a fixed interest rate of 2.5%, with monthly payments of $2,258, rather than the seven-year term, at an interest rate to be adjusted at the five-year mark equal to 2% under Wall Street prime for the remaining term, with monthly payments of $1,652.  The Disney Board of Trustees and the Town of Disney have no financial obligation, in any capacity, to this lease purchase.

2.  Approval of Adjournment. Trustee Martin made a motion, with Trustee Trevathan seconding the motion, to adjourn the meeting at 5:45 p.m.  Voting:  Cookson, yes; Crockett, yes; and Martin, yes.  Motion carried, meeting adjourned.

ATTEST:

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Janice Sharp, Town Clerk

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