City Council

16. 25-56557\nOffice or Department:\nFinancial Management\nSuggested Action:\nApprove recommendation.\nRecommendation to authorize City Manager, or designee, to execute all\ndocuments necessary to amend Contract No. 36238 with Los Angeles Truck\nCenters, LLC, of Whittier, CA, for the purchase of a compressed natural gas (CNG)\nfueled Autocar Xpeditor Line Striper Truck, to increase the contract amount by\n$300,366, for a revised total contract amount not to exceed $801,386, inclusive of\ntaxes and fees; and\nAuthorize City Manager, or designee, to execute a lease-purchase agreement, and\nrelated financing documents with Banc of America Public Capital Corp, of San\nFrancisco, CA, for the financing of a (CNG) fueled Autocar Xpeditor Line Striper\nTruck, payable over a 10-year period at an interest rate to be determined when the\nagreement is executed. (Citywide)