Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee approves $7.3M lease schedule for DPW equipment; members request equipment inventory
Summary
The Finance Executive Committee approved an amendment to the city—s JPMorgan Chase master lease to acquire replacement Public Works equipment and vehicles, authorizing up to $7.3 million in new lease schedules and related FY25 budget adjustments. Council members requested an itemized equipment and replacement plan from Public Works.
The Finance Executive Committee approved a substitute to add a lease schedule to the city's master lease with JPMorgan Chase Bank to acquire replacement equipment and vehicles for the Department of Public Works.
Courtney Knight, chief of treasury, said the master lease, originally executed in February 2022, allows the city to finance vehicles and equipment cost-effectively by adding schedules for specific acquisitions. The substitute authorizes the acquisition at an amount not to exceed $7,300,000 and authorizes the CFO to amend the FY25 solid waste R&E fund…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
