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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
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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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