Share to Facebook Share to Twitter Bookmark and Share
File #: 17-2948    Version: 1 Name: FIN - Purchase of 16 Fire Vehicles 9-26-17
Type: DISCUSSION CALENDAR Status: Agenda Ready
File created: 9/8/2017 In control: City Council
On agenda: 9/26/2017 Final action: 9/26/2017
Title: MEASURE Z - A Resolution of the City Council of the City of Riverside approving a Schedule of Property No. 3 and authorizing certain actions in connection therewith relating to the financing of certain equipment for the City with Banc of America Public Capital Corp for an amount not-to-exceed $14,500,000, payable over a seven to ten-year period at rates up to 2.25 percent with annual debt service payments of $1,651,578, from Measure Z Funds in Fire Capital-Utilization Charges Account from 390 (Debt) Fund - Waive further reading - Appropriate funding from Measure Z Funds to Vehicle Replacement-Fire Account - Purchase orders with Pierce Manufacturing through Houston-Galveston Area Council for $10,996,622 plus 7.5 percent change order authority with capital lease financing for sixteen vehicles and related equipment (Fire/Finance) (All Wards)
Attachments: 1. Report, 2. Resolution, 3. Essential Use-Source of Funds Certificate, 4. Schedule of Property, 5. Escrow and Account Control Agreement, 6. Replacement Plan, 7. Presentation