City Council

8G. Lease/purchase financing for the City’s purchase of a Pierce Velocity Tractor\nDrawn Aerial (TDA) Fire Engine in the amount of $2,100,891. Environmental\nConsiderations: The action being considered by the City Council is exempt\nfrom the California Environmental Quality Act (CEQA) because it is not a\n"project" under Section 15378(b)(5) of CEQA Guidelines. The action involves\nan organizational or administrative activity of government that will not result in\nthe direct or indirect physical change in the environment. Contact Person:\nFinance Manager Attili\nRecommended Action: 1) Adopt Resolution 2024-102, titled "A Resolution of\nthe City Council of the City of Encinitas, California, Authorizing Entering Into a\nNew Lease with PNC Equipment Finance Under a Master Equipment Lease\nPurchase Agreement and the Execution and Delivery of Related Instruments,\nand Determining Other Matters in Connection Therewith"; and 2) Authorize the\nCity Manager or her designee to take all necessary steps to complete the\nfinancing of the Pierce Velocity Tractor Drawn Aerial Truck (TDA) Fire Engine,\n9/6/24, 2:53 PM encinitas.granicus.com/GeneratedAgendaViewer.php?view_id=7&event_id=4506\nincluding the execution of the contract and financing arrangements, with PNC\nEquipment Finance.\n2024-09-11 Item 08G New Fire Truck TDA Lease Purchase Financing\nAgreement with PNC