City Council

15. 26-55767 Recommendation to adopt Specifications No. ITB FM-26-720 and award a contract to Courtesy Chevrolet Center, of San Diego, CA, FFBH Motors, LLC dba Frontier Ford, of Irving, TX, Slate Automotive, LLC, of Troy, MI, Fleet Vehicle Source, Inc. dba US Fleet Source, of West Covina, CA, and Winner Chevrolet, Inc., of Sacramento, CA, for the purchase of and delivery of light- and medium-duty vehicles, in an annual aggregate amount not to exceed $12,155,000, for a period of two years, with the option to renew for three additional one-year periods, at the discretion of the City Manager; authorize City Manager, or designee, to execute all documents necessary to enter into these contracts, including any amendments; and Authorize City Manager, or designee, when applicable, to execute a lease- purchase agreement, or lease-purchase agreements (“Agreement”) as the case may be, and related financing documents with Banc of America Public Capital Corp, of San Francisco, CA, for the financing of light- and medium-duty vehicles, payable over a 5-, 7-, or 10-year period at an interest rate to be determined when the agreement is executed. (Citywide) Office or Department: Financial Management Suggested Action: Approve recommendation.