Long Beach

City Council

26. 26-54301 Recommendation to 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 purchase and financing of personal computers, pursuant to the Agreement with Dell Marketing, LP., utilizing the approved Region XIV Education Service Center, OMNIA Partners agreement, in a not to exceed purchase amount of $2,320,500, plus related financing costs including principal, interest, and escrow fees at an interest rate to be determined when the agreement is executed. This financing would be payable over a four-year period. (Citywide) Office or Department: Technology and Innovation Suggested Action: Approve recommendation.