City Council

8G. Lease/purchase financing for the City’s purchase of a Pierce Velocity Tractor Drawn Aerial (TDA) Fire Engine in the amount of $2,100,891. Environmental Considerations: The action being considered by the City Council is exempt from the California Environmental Quality Act (CEQA) because it is not a "project" under Section 15378(b)(5) of CEQA Guidelines. The action involves an organizational or administrative activity of government that will not result in the direct or indirect physical change in the environment. Contact Person: Finance Manager Attili Recommended Action: 1) Adopt Resolution 2024-102, titled "A Resolution of the City Council of the City of Encinitas, California, Authorizing Entering Into a New Lease with PNC Equipment Finance Under a Master Equipment Lease Purchase Agreement and the Execution and Delivery of Related Instruments, and Determining Other Matters in Connection Therewith"; and 2) Authorize the City Manager or her designee to take all necessary steps to complete the financing of the Pierce Velocity Tractor Drawn Aerial Truck (TDA) Fire Engine, 9/6/24, 2:53 PM encinitas.granicus.com/GeneratedAgendaViewer.php?view_id=7&event_id=4506 including the execution of the contract and financing arrangements, with PNC Equipment Finance. 2024-09-11 Item 08G New Fire Truck TDA Lease Purchase Financing Agreement with PNC