City Council

11. 26-56249 Recommendation to adopt resolution authorizing City Manager, or designee, to execute a contract, and any necessary documents including any amendments, with Municipal Maintenance Equipment (MME), a distributor of FAYAT Environmental Solutions Americas, of Norwalk, CA, for the purchase of two Ravo E2 electric multifunction sweepers, on the same terms and conditions afforded to Sourcewell (Contract No. 062425-FAY), except as modified by mutual agreement of the City and MME, in a contract amount of $913,104, authorize a 10 percent contingency in the amount of $91,311, for a total contract amount of $1,004,414, plus all applicable taxes at the tax rate in effect at the time of the purchase; 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 two Ravo E2 electric multifunction sweepers, payable over a seven-year period at an interest rate to be determined when the agreement is executed. (Citywide) Office or Department: Financial Management Suggested Action: Approve recommendation.