FY 2022 INSTALLMENT FINANCING CONTRACT

Item 18: Consideration of FY 2022 Installment Financing Contract with Banc of America Public Capital Corp
for Equipment ($3,190,000 - fixed interest rate of 1.1705% for 59-month term):• $828,000 (5) Peterson TL-3 Lightning Loaders
• $160,000 Automated Side Loader: Crane Carrier Cab Chassis
• $ 95,000 RT Backhoe
• $187,000 Automated Side Loader: New Way Automated Body
• $223,000 Automated Leaf Truck
• $115,000 Steel Recycling Transport Trailer
• $304,000 50' Fully Hydraulic Derrick, Rear Mount
• $ 99,000 Vermeer Vacuum Excavator
• $245,000 Articulating Telescopic Aerial Device w/Material Handling
• $211,000 Mini Derrick
• $103,000 Replacement backhoe
• $168,000 Peterson TL-3 Lightning Loader
• $256,000 Track Excavator
• $196,000 Tractor Boom Mower

Recommended Action: Adopt Resolution Approving Proposal from Banc of America Public Capital Corp to Finance Vehicles and Equipment ($3,190,000; authorizes the Mayor, Interim Finance Director and City Manager, or any one of them, to execute and deliver financing agreement and such other necessary documentation and take all further action necessary on behalf of the City)

Votes:

Knight - Y
Blackwell - Y
Joyner - Y
Walker - Y
Daughtridge - Y
Bullock - Y
Miller - Y