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250472

Sponsor: Mayor Quinton Lucas COMMITTEE SUBSTITUTE Authorizing the Director of Finance to accept a proposal of Banc of America Public Capital Corp (“BAPCC”) to finance the acquisition of Police Vehicles 2026 (“Project”); estimating revenue and appropriating $6,682,640.00 in Fund 3230 the Equipment Lease Capital Acquisition Fund; recognizing revenue and appropriating $6,670,640.00 in Fund 3230 the Equipment Lease Capital Acquisition Fund of the Board of Police Commissioners; reducing revenue and appropriations in the amount of $755,000.00 in Fund 2320 the Public Safety Sales Tax Fund of the Board of Police Commissioners; reducing transfer appropriations in the amount of $755,000.00 in Fund 2320 the Public Safety Sales Tax Fund; increasing appropriations for debt service in the amount of $755,000.00 in Fund 2320 the Public Safety Sales Tax Fund; estimating and appropriating $750,000 from the Public Safety Sales Tax Fund for the purpose of installing blue cruise lights on certain police vehicles; designating requisitioning authorities; approving lease counsel in connection with the transaction; declaring the intent of the City to reimburse itself from the lease purchase proceeds for certain expenditures; authorizing the Director of Finance to modify accounts; authorizing the Director of Finance to close project accounts; and recognizing this ordinance as having an accelerated effective date.

Ordinance Passed Introduced May 14, 2025

What this record is

Amount
$755K
Runs until
Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
Type
purchase
Field
Vehicles & equipment

vehicles & equipment contracts in MO 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
Council
Introduced
May 14, 2025
On agenda
June 26, 2025
Passed
June 26, 2025

Where it was heard

Council Jun 26, 2025 Passed as Substituted Pass Finance, Governance and Public Safety Committee Jun 24, 2025 Adv and Do Pass as Cmte Sub Pass Finance, Governance and Public Safety Committee Jun 10, 2025 Hold on Agenda Council Jun 5, 2025 referred

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