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Two bids opened for city ladder truck
ladder truck w sm
Smithville officials opened sealed bids from two dealers looking to sell the city a ladder truck Friday.The bids, opened by Secretary-Treasurer Hunter Hendrixson Friday afternoon at city hall, included a $746,705 bid from EVS-Midsouth, Inc. of Memphis for a Pierce Impel 75-foot ladder truck with 1,750-gallon-per-minute pump capacity and a 500-gallon tank, and a $785,818 bid from Cumberland International Trucks of Nashville for a Sutphen 75-foot ladder truck with a Stainless Steel Rescue Style Body.A lease-purchase plan was proposed by EVS-Midsouth, which would include a $250,000 down payment due at contract signing.The truck would then be paid off in three annual payments of $173,746 at a rate of 2.45 percent or in five annual payments of $107,068 at 2.55 percent.Cumberland Internat- ional proposed six different lease-purchase options.The company’s proposal offers a three-year term with yearly payments of $270,245.The first payment would be due on Sept.15 and the interest rate would be 2.51 percent with total payments of $810,736.The second option would also include a three-year term with yearly payments of $270,274.The first payment would be due on Sept. 16 under this plan.The terms would be 2.51 percent with total payments of $810,824.The third option offered is a five-year lease at 2.46 percent interest, with yearly payments of $165,993 and total payments amounting to $829,967.The first payment would be due on Sept. 15.The fourth plan would entail a five-year lease at 2.45 percent, with yearly payments of $165,950.The total payments would be $829,753, and the first payment would be due on Sept. 16.The fifth option offered is on a seven-year term at 2.66 percent.Yearly payments of $122,145 would rendered, and the total payment amount would be $855,022The first payment would be due on Sept. 15.The sixth proposal offers a seven-year plan with yearly payments of $122,160 at 2.66 percent interest.The first payment would also be due on Sept. 16, and the payments would total $855,124.Both bids are for trucks that are already built, and both vehicles would have to be modified somewhat to meet the fire department’s needs.The mayor and aldermen will discuss the bids at the next meeting on May 21.The city council has the option to accept the most favorable bid or reject both and start again.

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