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

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