New fire Rescue/Engine acquisition financing
Town of HartfordVermont- Detected
- Jul 7, 2026
- 118 days ago
- Sector
- Equipment
- Est. value
- Free account
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THE 30-SECOND BRIEF
Hartford Fire plans to replace a 2008 heavy rescue and 2009 engine with a single Sutphen Rescue/Engine priced at $1,381,524, with final cost lowered to $1,303,163.97 if fully prepaid. The Chief presented leasing vs. Vermont Bond Bank options, and the Selectboard is asked to authorize the Town Manager to accept the Sutphen proposal and further investigate financing ahead of FY28 budget work. Apparatus manufacturers, lessors, and bond advisors have a window now to shape financing structure, future fleet planning, and any added equipment before the order and funding decisions are locked.
Lease quote from Leasing 2 shows 10‑year, 4.98% municipal lease with an extra $275,000 payment in year 3 tied to selling the existing units. Vermont Bond Bank schedules assume ~3.16% but don’t allow early payment to capture the $77,672 Sutphen prepayment discount.
From the meeting
- Meeting date
- July 7, 2026
- Agency
- Town of Hartford
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