City of Lincoln
2006 News Releases
At the pre-council hearing of October 30, 2006 when one of the City Council members inquired as to how E-One was ultimately paid for the City of Lincoln fire trucks, Investigator Steve Niemeyer responded by saying, “The surety bond, I think they ended up collecting off of that.” E-One was not paid from a surety bond. While there was a performance bond, there were no payments made from the performance bond.
Upon acceptance of the last fire truck, the City of Lincoln delivered acceptance documents to two different financial institutions regarding letters of credit. The letters of credit were between E-One and EDM and had nothing to do with the City of Lincoln. The City of Lincoln does not know exactly how E-One was paid.