City Council

Item 201: Master Lease Agreement to Finance Three Police Helicopters with Mission\nConfiguration Installation.\nThis item will be considered in the afternoon session which is scheduled to begin at\n2:00 p.m.\nTotal Estimated Cost of Proposed Action and Funding Source:\nPlease see the "Fiscal Considerations" section of the Staff Report.\nCouncil District(s) Affected: Citywide.\nProposed Actions:\n(O-2024-22)\nIntroduction of an Ordinance approving the City of San Diego’s Master Lease Agreement\nwith Banc of America Public Capital Corporation for the purpose of financing the\npurchase of three police helicopters with mission configuration installation in an amount\nnot to exceed $16,000,000 and declaring its official intent to reimburse itself from the\nproceeds of tax-exempt lease-purchase obligations.\n6 votes required pursuant to Charter Section 99.\nCommittee Actions Taken:\nThis item was heard at the Budget and Government Efficiency Committee meeting on\nSeptember 13, 2023.\nACTION: Motion by Vice Chair Moreno. Second by Chair Montgomery Steppe, to\nrecommend Council approval of staff's proposed actions.\nVOTE: Montgomery Steppe-yea, Moreno-yea, LaCava-yea, Lee-yea.\nDepartment of Finance: Jyothi Pantulu, (619) 236-6917\nCity Attorney Contact: Marguerite Middaugh\nADOPTION AGENDA\nDISCUSSION, NOTICED HEARINGS: