Item 16: Financing Agreement for Electric Utility Equipment

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COSM_Admin

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Consider approval of Resolution 2022-49R, approving a Master Lease-Purchase Financing Agreement with U.S. Bank Government Leasing and Finance, Inc. for the financing of a digger derrick, two bucket trucks, and a wire tensioner for use by the Electric Utility Division of the Utilities Department to be financed in the amount of $911,760.86, inclusive of interest, for a seven-year term; authorizing the City Manager or her designee to execute all appropriate documents associated with this transaction; and declaring an effective date.
 
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