At Monday night’s Glencoe City Council meeting, the city recommended offering the townships the same five-year financing plan as the city of Glencoe for the new Rosenbauer fire rescue truck.
With this payment option, the townships will give a down payment in 2018 and pick up the additional cost of interest at 2.35 percent with each payment thereafter. All together, the townships would pay $15,695 per year.
The townships would still have the option of paying the one lump sum payment, which would be due in approximately March of 2019.
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City Council votes 3-2 to table rescue truck financing
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