VIDEO: The Hot Springs Fire Department made a trip to City Hall Tuesday to show the city board of directors one of its newest purchases.
The board approved the $2.2 million purchase of a 107-foot tiller aerial ladder by Pierce Manufacturing Inc. and accompanying equipment in May 2021. The cost was included in the $2.95 million the board authorized the city to borrow for 2021 capital expenses.
U.S. Bancorp Government Leasing and Financing is carrying the five-year note at an interest rate of 1.13%. The state Constitution allows local governments to finance capital expenses for up to five years.
The city also bought a new swift-water rescue boat with excess funds as the purchase was $100,000 less than expected. "We appreciate the board buying the truck for us," Fire Chief Ed Davis said.