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.