Last night, the Camas City Council approved an ordinance that will help facilitate the purchase of a new ambulance for the Camas-Washougal Fire Department.
Funding for the $174,046 vehicle will come from a six-year, 1.25 percent interest loan from the state Local Option Capital Lending program.
Fire Chief Nick Swinhart recommended this option, rather than using the $150,000 earmarked for the purchase in the 2013 budget.
“We feel that it makes more sense right now to utilize the state loan program,” Swinhart said. “The interest rates are so low that it is nearly like borrowing money for free. That allows us to keep reserves a little more intact.”
Councilman Don Chaney further questioned why the city should borrow the money, when the cash is available.