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Lincoln council approves 12-vehicle master lease to replace aging fleet; staff says program frees $428,000 in year one
Summary
The City of Lincoln authorized a five-year master equity lease with Enterprise Fleet Management to lease 12 replacement vehicles across public works, police, IT and code enforcement. Staff said the program will free about $428,000 in year one, with a projected $656,000 benefit over five years and an ongoing ~ $155,000 annual general-fund impact.
City Council on June 11 authorized a master equity lease agreement with Enterprise Fleet Management to lease 12 vehicles intended to replace aging city units used by public works, police, information technology and code enforcement.
Public Works Director Matthew Medill told the council the city’s light- and medium-duty fleet includes roughly 122 vehicles and that 54 are model year 2014 or older. Medill said staff engaged Enterprise about six months ago to analyze the fleet and structure a lease program that smooths capital outlays and builds equity in the fleet over time.
"We engaged Enterprise…
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