At the regularly scheduled meeting on August 16, 2016, the Town Council adopted the following:
AMENDING ORDINANCE 16-04: That the Town of Pittsfield Town Council hereby ordains the purchase and financing of a fire truck or trucks on the following terms:
1. The Town waives the requirement of a competitive bid for the fire truck purchase of a fire truck or trucks and authorizes the purchase of a replacements for the fire truck known as Engine 1 with an Pumper-Aerial Device and a Pumper at a purchase price to not exceed $750,000, which amount is hereby appropriated.
2. The purchase of the fire truck or trucks authorized above shall be financed by borrowing up to $750,000 with such dates, maturities, denominations, interest rate(s) and other details as the Town Treasurer and the Mayor of the Town Council shall determine. The Town is further authorized, if deemed appropriate by the Town Treasurer and Mayor of the Town Council to borrow up to $750,000 by a lease purchase agreement, which agreement may be with the vendor of the fire trucks, its finance company or another finance company.
3. This Ordinance shall take effect in 30 days.
Aug. 26, 2016
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