2024 Capital Equipment Lease Financing issuance to fund purchase of vehicles and related equipment - A Resolution of the City Council of the City of Riverside, California, approving a lease schedule and authorizing certain actions in connection therewith relating to the financing of certain equipment for the City through Master Lease Purchase Agreement JP Morgan Chase Bank, N.A. in the amount not-to-exceed $4,814,000 for purchase of vehicles and related equipment, payable in semi-annual payments over 7-year period at estimated interest rate of approximately 4.149 percent per year - Waive further reading - Authorize increase in estimated revenues for not-to-exceed $4,814,000 to reflect proceeds of capital equipment lease financing agreement - Authorize estimated costs of issuance expenditures of up to $50,000 associated with financing from existing appropriations in the Water Fund, Debt Related Fiscal Charges Accounts - Supplemental appropriation - Five affirmative votes required (Finance) (All Wards) (10-minute presentation)

PUBLIC HEARING/PLANNING REFERRALS AND APPEALS Agenda Ready Introduced June 14, 2024

What this record is

Amount: $4.81M
Runs until: June 14, 2031 5 years away calculated from the contract term stated in the record
Type: amendment
Field: Vehicles & equipment

Read automatically from the title of the official record. The source document below is authoritative.