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10 - EMS Chest Compression MachinesItem No. 10 memorandum TO: Mayor & City Council FROM: Gene Anderson, Interim City Manager & Finance Director SUBJECT: CHEST COMPRESSION MACHINES DATE: March 4, 2020 BACKGROUND: The 2019-20 budget for the EMS department calls for the acquisition of 5 chest compression machines utilizing a 5 year lease/purchase agreement with the company that manufactures these devises. Total cost of financing the units would be $113,928. The current budget contains 1/5th of the total cost of the equipment. STATUS OF ISSUE: In reviewing the lease purchase/agreement, there were half a dozen terms of the agreement that were unacceptable to the City. The manufacturer will not accept any alterations to the agreement. The City has two options to obtain these machines (1) Enter into a 5 year note with a local bank or (2) Increase the current budget in an amount ($91,000) that would allow the outright purchase of this equipment. BUDGET: Option 1 would not impact the current budget while option 2 would require a budget increase of $91,000. RECOMMENDATION: Provide direction to the staff on this issue.