File #: 13-00062    Version: 1 Name:
Type: Motion Status: Filed with the City Secretary
File created: 1/15/2013 In control: City Council
On agenda: 1/29/2013 Final action: 2/12/2013
Title: Municipal Lease Line of Credit to fund equipment and rolling stock replacement needs Motion approving a Municipal Lease Line of Credit with Frost Bank in accordance with Request for Proposal No. BI-0040-13 based on lowest responsible proposal for an estimated annual expenditure of $326,909.92. The term of the contract is for one year with options to extend for up to four additional one-year periods, subject to the approval of the contractor and the City Manager, or designee.
Sponsors: Contracts and Procurement, Finance & Procurement
Attachments: 1. Agenda memo - Municipal Lease Line of Credit.pdf, 2. Price Sheet - Municipal Lease Line of Credit.pdf, 3. Master Lease Purchase Agreement.pdf
Title
Municipal Lease Line of Credit to fund equipment and rolling stock replacement needs
 
Motion approving a Municipal Lease Line of Credit with Frost Bank in accordance with Request for Proposal No. BI-0040-13 based on lowest responsible proposal for an estimated annual expenditure of $326,909.92.  The term of the contract is for one year with options to extend for up to four additional one-year periods, subject to the approval of the contractor and the City Manager, or designee.