Authorize a five-year Public Property Finance Contract (“Finance Contract”), with two one-year renewal options, for the financing of personal property purchases - JPMorgan Chase Bank, N.A., most advantageous qualifying proposer of three - Not to exceed $200,000 ($60,000 upfront legal costs, plus annual legal fees of $20,000) - Financing: General Fund (subject to annual appropriations)

What this record is

Amount

$200K

Runs until

March 12, 2025 already ended date calculated from a contract term stated in the record, not quoted directly

Type

contract

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

Committee

Office of Procurement Services

Requested by

Office of Procurement Services (POM)

Introduced

March 12, 2024

On agenda

April 10, 2024

Enactment no.

24-0533; APPROVED

Where it was heard

City Council Apr 10, 2024

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