File #: 25-0600   
Type: Regular Business Status: Agenda Ready
In control: City Council - Successor Agency - Housing Authority
On agenda: 12/2/2025 Final action:
Title: MASTER EQUIPMENT LEASE-PURCHASE AGREEMENT WITH BANC OF AMERICA PUBLIC CAPITAL CORP FOR AMBULANCES AND RELATED EQUIPMENT
Attachments: 1. 120225 AS Ambulance Lease-Purchase Agreement Agenda Report, 2. 120225 AS Ambulance Lease-Purchase Agreement Resolution, 3. 120225 AS Ambulance Lease-Purchase Agreement Terms and Conditions, 4. 120225 AS Ambulance Lease-Purchase Agreement BAPCC Agreement, 5. 120225 AS Ambulance Lease-Purchase Agreement BAPCC Equipment Schedule No. 1, 6. 120225 AS Ambulance Lease-Purchase Agreement Escrow and Account Control Agreement with BAPCC, 7. 120225 AS Ambulance Lease-Purchase Agreement Equipment Order Forms

Title

MASTER EQUIPMENT LEASE-PURCHASE AGREEMENT WITH BANC OF AMERICA PUBLIC CAPITAL CORP FOR AMBULANCES AND RELATED EQUIPMENT

Summary

Staff requests City Council approval to enter a Master Equipment Lease-Purchase Agreement with Banc of America Public Capital Corp (“BAPCC”) and / or an affiliate of BAPCC (the “Lender”) in an amount not to exceed $2 million to finance acquisition of ambulance vehicles and ancillary equipment for the City-Operated Ambulance Program.

 

Recommendation

Proposed Motion:

 

1.                     Adopt Resolution No. 2025-XXX.

 

RESOLUTION NO. 2025-XXX - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FULLERTON, CALIFORNIA, APPROVING A MASTER EQUIPMENT LEASE / PURCHASE AGREEMENT AND ESCROW AND ACCOUNT CONTROL AGREEMENT, MAKING REQUIRED FINDINGS AND AUTHORIZING RELATED ACTIONS IN CONNECTION THEREWITH

 

2.                     Authorize City Manager, or designee, to execute and administer Master Equipment Lease-Purchase Agreement with Banc of America Public Capital Corp (“BAPCC”) and / or an affiliate of BAPCC ( “Lender”) and all related documents and accounts including Escrow Account, in a form approved by the City Attorney.