Fulton city lawmakers met briefly Thursday to buy two new cars — the last ones available in the state for the rest of the year –Ã‚Â for the Fulton Police Department.
Mayor Ron Woodward said the city will pay cash, instead of borrowing money, to buy two interceptors for no more than $55,000.Ã‚Â The city will use money returned recently under a payment-in-lieu-of-taxes agreement with Fulton Cogeneration over the now-closed and emptied power-making plant adjacent to the former Nestle factory.
Normally, the city borrows to make its purchases, but the unanticipated cash from Fulton Cogen allows a straight buy.Ã‚Â “Borrowing just costs you more,” said Woodward.
The two interceptors will be bought using the state’s certified low bidder, a firm from New Jersey.
The purchase comes just in time — the city is buying the last two cars available under the state bid for this year.Ã‚Â Otherwise, the city would have to wait for next year’s bidder to be certified and the vehicles would not arrive until at least May, Woodward said.
The new police vehicles will arrive in town in a few weeks, he said.