ORDINANCE NO. 250472
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Sponsor: Mayor Quinton Lucas
Authorizing the Director of Finance to accept a proposal of Banc of America Public Capital Corp ("BAPCC") to finance the acquisition of Police Vehicles 2026 ("Project"); estimating revenue and appropriating $6,682,640.00 in Fund 3230 the Equipment Lease Capital Acquisition Fund; recognizing revenue and appropriating $6,670,640.00 in Fund 3230 the Equipment Lease Capital Acquisition Fund of the Board of Police Commissioners; reducing revenue and appropriations in the amount of $755,000.00 in Fund 2320 the Public Safety Sales Tax Fund of the Board of Police Commissioners; reducing transfer appropriations in the amount of $755,000.00 in Fund 2320 the Public Safety Sales Tax Fund; increasing appropriations for debt service in the amount of $755,000.00 in Fund 2320 the Public Safety Sales Tax Fund; designating requisitioning authorities; 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; authorizing the Director of Finance to modify accounts; authorizing the Director of Finance to close project accounts; and recognizing this ordinance as having an accelerated effective date.
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WHEREAS, members of the Kansas City Police Department utilize Police Vehicles daily in response to emergency calls for service, crime scenes, traffic enforcement and other law enforcement related activities; and
WHEREAS, the average age and mileage of Kansas City Police Vehicles is over 10 years with 120,000 miles which includes Ford Crown Victoria sedans produced prior to 2012; and
WHEREAS, the Kansas City Police Department requires a modernized fleet, with a prioritization on patrol vehicles, to provide safe and effective services to the citizens of Kansas City; and
WHEREAS, the cost of acquisition and implementation of the Project is expected to be financed under the Master Lease Purchas...
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