Downey

City Council

May 23, 2023 Item #9

Agenda Item 9

9. APPROVE EQUIPMENT LEASE AGREEMENT WITH PNC BANK FOR GOLF CARTS TO BE\nUSED AT THE RIO HONDO GOLF COURSE FOR A FIVE-YEAR TERM BEGINNING ON JULY 1,\n2023, FOR A TOTAL LEASE AMOUNT OF $ 670, 410; AND, AUTHORIZE THE CITY MANAGER\nOR HIS DESIGNEE TO EXECUTE THE LEASE AGREEMENT, INCLUDING ANY NON-\nSUBSTANTIVE EXTENSION, CHANGE ORDERS, PURCHASE ORDERS, AND AMENDMENTS\nUP TO THE AUTHORIZED BUDGET: Parks & Recreation.