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Committee fast-tracks IT lease-purchase authority renewal to lock in technology pricing
2878886 · April 4, 2025
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Summary
The committee agreed to double-list the annual IT lease-purchase authority ordinance for the next study session and the immediate regular meeting so staff can secure vendor pricing amid market volatility; no final council vote was taken at the committee meeting.
IT staff asked the Management & Finance Committee to renew an ordinance authorizing the city to enter into annual lease‑purchase agreements for information-technology equipment. Scott Newman, presenting the item, said outside bond counsel had previously recommended the ordinance and that the…
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