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Board committee backs $34.18M lease financing for city radio system; annual debt service capped at $3.73M

San Francisco Board of Supervisors Budget & Finance Committee · January 25, 2017
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Committee approved an ordinance appropriating $34.18 million in lease financing to the Department of Emergency Management for the public safety radio system; presenters said equipment will secure financing and city can prepay without penalty.

The Budget and Finance Committee on Jan. 31 approved an ordinance appropriating $34,184,136 in lease‑financing proceeds to the Department of Emergency Management to fund part of a city public safety radio system.

Jamie Karubin of the Controller’s Office said the financing closes with Bank of America Public Capital…

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