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Council hears proposal to lease city vehicles from Enterprise Fleet Management
Summary
Enterprise Fleet Management presented a proposal to the Freeport City Council to move the city's vehicle fleet from purchase to an open-ended equity lease, citing shorter replacement cycles, lower maintenance costs and resale equity. Council members asked operational and procurement questions; no formal action was taken.
The Freeport City Council on Feb. 10 heard a presentation from Enterprise Fleet Management on a proposal to shift the city's vehicle fleet from outright purchase to an open-ended equity lease arrangement.
City staff introduced the topic as a budget-season item and invited Jeff Kerner of Enterprise Fleet Management to present details. Kerner said the company would manage acquisition, maintenance tracking, fuel programs and resale, and that the open-ended equity lease would return 100% of a vehicle's equity to Freeport at term. "There's no wear and tear, no mileage restrictions, and at the end of term Freeport gets a hundred the % of the equity back," Kerner said.
The proposal would be implemented division by division, Kerner said, tailoring lease terms to vehicle class and typical annual mileage. He told council the city averages…
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