City Council

17. 26-57337 Recommendation to adopt resolution authorizing City Manager, or designee, to execute a contract, and any necessary documents including any necessary subsequent amendments, with Los Angeles Truck Centers, LLC, dba Velocity Truck Centers, of Whittier, CA, for the purchase of a Compressed Natural Gas (CNG) powered Freightliner 114SD truck with a Manitex crane body, on the same terms and conditions afforded to Sourcewell (Contract No. 034824-DAI), in an amount of $619,043, authorize a 10 percent contingency in the amount of $61,904, for a total contract amount not to exceed $680,947, inclusive of taxes and fees; and Authorize City Manager, or designee, to execute a lease-purchase agreement, and related financing documents with Banc of America Public Capital Corp, of San Francisco, CA, for the financing of a CNG-fueled Freightliner 114SD Truck, payable over a 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.