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Jackson approves partnership with Enterprise to lease up to 65 vehicles; council seeks cash-flow analysis
Summary
Council approved a master equity lease agreement and related assignment/consignment agreements with Enterprise Fleet Management to modernize the city’s aging fleet (initial budget amendment funds $285,390.90 to lease about 65 vehicles); members asked for a comparative cash-flow analysis and clarified the arrangement is budget-neutral and not an automatic multiyear commitment.
The Jackson City Council voted Nov. 4 to enter a partnership with Enterprise Fleet Management to lease city vehicles and to approve associated assignment and consignment agreements to assist with selling the city’s current vehicles.
Staff said the program will convert certain planned vehicle purchases into leasing line items to obtain newer vehicles more quickly; the first-year budget amendment reallocates $285,390.90 to lease roughly 65 vehicles for the remainder of the fiscal year. Staff said the…
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