I-Team: Fire district covered for lost down payment
A Lincoln fire district apparently won't lose $300,000 it put down on a new fire truck when the truck manufacturer suddenly went out of business.
In a letter obtained by the I-Team, the Manville Fire District's insurance company says a performance bond is good and in full effect. The bond backed up the district's $300,000 down payment.
There was a question whether a deadline was missed, putting the district on the hook for the money. The district will either get the cash back or a new truck.
The fire truck was being built at the American LaFrance factory in South Carolina. It was about three-quarters complete when the company suddenly shut its doors in January and laid off its staff.