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Title:
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AUTHORIZATION TO SIGN LEASE AGREEMENT WITH MUNICIPAL ASSET MANAGEMENT, INC.
SUBJECT: Authorization to sign lease agreement with Municipal Asset Management, Inc. for the lease of the Bearcat.
FISCAL IMPACT: The total cost of the BearCat is $558,851.75. This price includes tax, interest (5.38%), and delivery fees. Payments of $111,770.35 annually for 5 years will begin in April 2027 (Fiscal Year 2026-2027). Payments will be made from the Sheriff’s Patrol Fund/Budget Unit No. 130-0522.
ACTION REQUESTED: 1) Authorize the Sheriff to sign the lease agreement with Municipal Asset Management, INC.; and/or 2) provide direction to staff.
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