Wilder City Council approved a $1.2 million bond agreement in a regular April meeting as part of a multi-faceted plan to fund a new fire truck.
The city received six bids from various banks willing to finance the order. City Administrator Terry Vance recommended Chase Bank’s offer of a locked annual interest rate of 3.4% over 10 years.
While Wilder’s financials are already in the black, it is hoping to preserve their capital fund cushion with a different approach.