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)
What this record is
- Amount
- $4.81M
- Runs until
- June 14, 2031 5 years away date calculated from a contract term stated in the record, not quoted directly
- Type
- purchase
- Field
- Vehicles & equipment
vehicles & equipment contracts in CA that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- City Council
- Requested by
- Finance
- Introduced
- June 14, 2024
- On agenda
- July 16, 2024
Where it was heard
City Council City CouncilWatch what Riverside buys
This is one award. Riverside signs them continuously, and each one names a company and a date it runs out. Say what you sell and we will email you when the next one matches.
Free for 14 days, no card — and nothing charges itself: at day 14 the emails simply stop unless you choose to subscribe ($19 a month). One email when something matches, and nothing else. Unsubscribe from any of them. Searching stays free — it is public record.