City of High Point - File #: 2019-71

• File #: 2019-71
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 2/26/2019
• In control: City Council
• On agenda: 3/4/2019
• Final action: 3/4/2019
• Title: Resolution - Contract - Installment Financing for Fire & Fleet Equipment City Council is requested to adopt a Resolution authorizing the City Manager and Financial Services Director to accept the proposal with Banc of America Public Capital Corp., for the issuance of an installment financing contract for the identified 2017-2018 and 2018-2019 fleet equipment replacement needs in the amount of $7,988,207.50.

Date	Ver.	Action By	Action	Result
3/4/2019	1	City Council	adopted	Pass
2/28/2019	1	Finance Committee	recommended for approval, consent agenda	Pass

Title

Resolution - Contract - Installment Financing for Fire & Fleet Equipment

City Council is requested to adopt a Resolution authorizing the City Manager and Financial Services Director to accept the proposal with Banc of America Public Capital Corp., for the issuance of an installment financing contract for the identified 2017-2018 and 2018-2019 fleet equipment replacement needs in the amount of $7,988,207.50.

Body

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