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Title:
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Authorizing the Director of Finance to accept the proposal of Banc of America Public Capital Corp (“BAPCC”) to finance the acquisition of fire ambulance vehicles (“Project”); estimating revenue and appropriating $2,805,000.00 in the 3230 Fund; authorizing the use of any revenue generated from surplus Fire Department fleet to be used to offset the cost or for debt service towards this financing; authorizing the execution of any and all documents and agreements necessary for the financing; designating requisitioning authorities; authorizing the Director of Finance to close project accounts upon its completion; approving Lease Counsel in connection with the transaction; declaring the intent of the City to reimburse itself from the lease purchase proceeds for certain expenditures; and recognizing this ordinance as having an accelerated effective date.
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