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Finance committee reviews plan to lease two EV pool cars, asks for more lease and buyout details
Summary
City finance committee discussed Resolution 2024‑R47 to lease two Equinox EVs for shared use, estimated at $60,000 charged to NOPEC funds; staff said leases would be 2–3 years and buyout options will be researched. Committee deferred final passage pending pricing and an Exhibit A.
The Finance Committee reviewed Resolution 2024‑R47 on Aug. 13, a proposal to enter lease agreements for two 2024 Equinox electric vehicles from Sarah Chevrolet for use as shared city pool cars.
CJ Mager, vice chair, said he had spoken with staff and understood roughly $60,000 would cover three‑year leases for both vehicles. "I did talk to mister Schmidt about, this this afternoon. Dollars 60,000 would cover, 3 year leases on 2 vehicles," he said. Service leadership described a multi‑year pilot to reduce the size of the city fleet and decal the vehicles to mark them as part of the green fleet.
The service director (recorded in the transcript as Director Carr) said the administration would use NOPEC funds to cover the leases. "They're both covered with our NOPEC funds because we have been stockpiling our funds," the director said; a finance staff member confirmed $61,443 was available.
Committee members asked for more detail on lease terms, mileage caps and buyout options. Director Carr said final pricing would be locked after the legislation is passed and staff would report back with buyout terms and an analysis of operational and maintenance savings. The committee agreed to take time and return the item for additional readings rather than voting for immediate passage.
Ending: The committee did not vote to adopt R47; staff will return with lease terms, buyout options and cost‑savings analysis before second/third readings.
