File #: 23-1299    Version: 1 Name:
Type: Motion Status: Passed
File created: 8/1/2023 In control: City Council
On agenda: 8/15/2023 Final action: 8/15/2023
Title: Motion authorizing the execution of a five-year master lease-purchase financing agreement with JP Morgan Chase Bank, N.A., of Chicago, Illinois, for annual vehicle and machinery acquisitions of approximately $19,164,137.81, with no funding required for FY 2023 and future funding subject to budget approval.
Sponsors: Finance & Procurement
Attachments: 1. Agenda Memo-Municipal Lease Line of Credit, 2. Evaluation Matrix Municipal Lease Line of Credit, 3. 2023 Master Lease Agreement v3

Title

Motion authorizing the execution of a five-year master lease-purchase financing agreement with JP Morgan Chase Bank, N.A., of Chicago, Illinois, for annual vehicle and machinery acquisitions of approximately $19,164,137.81, with no funding required for FY 2023 and future funding subject to budget approval.