CLERICAL COMMITTEE MEETING
The original payoff would have been June 2006. The interest expense on this lease was $29,490.91. In June 2003 the City of Canton refinanced the fire truck with Wells Fargo Bank as a lease agreement on $261,927.65, with annual payments of $43,000, beginning July 2003 at 4.020% and continuing for seven (7) years with a payoff date of June 2010. ................
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