Monterey Park
City Council
Agenda Item C
5-C. CONSIDERATION AND POSSIBLE ACTION TO ADOPT A RESOLUTION AUTHORIZING\nTHE CITY MANAGER TO ENTER INTO A MASTER EQUIPMENT/LEASE AGREEMENT\nWITH BANC OF AMERICA PUBLIC CAPITAL CORP. FOR FINANCING UP TO $3 MILLION,\nIN A FORM APPROVED BY THE CITY ATTORNEY, FOR VARIOUS EQUIPMENT; AND\nAUTHORIZING THE CITY MANAGER, OR DESIGNEE TO ENTER INTO CONTRACTS, IN\nA FORM APPROVED BY THE CITY ATTORNEY, FOR THE PURCHASE OF EQUIPMENT\nIt is recommended that the City Council consider:\n(1) Adopting a Resolution authorizing the City Manager to enter into a Master\nEquipment/Lease Agreement with Banc of America Public Capital Corp. for financing up\nto $3 million, in a form approved by the City Attorney, for various equipment;\n(2) Authorizing the City Manager, or designee, to execute an agreement, in a form approved\nby the City Attorney, with KME Fire Apparatus for the purchase of a fire engine;\n(3) Authorizing the City Manager, or designee, to execute an agreement, in a form approved\nby the City Attorney, for the purchase and installation of replacement HVAC units;\n(4) Authoring the City Manager or designee, to execute an agreement, in a form approved\nby the City Attorney, for a Ford F-650 dump truck; and\n(5) Taking such additional, related, action that may be desirable.