HomeMy WebLinkAbout2015-12-14 16-040 ORDERCOUNCIL ACTION
Item No. 16-040
Date: December 14, 2015
Item/Subject: ORDER, Authorizing Execution of Lease Purchase Agreement for the
Purchase of In -Car Camera System
Responsible Department: Finance
Commentary: This order will authorize the execution of a lease purchase agreement for the
purchase of an in car camera system. On November 2, 2015 the Finance Committee approved
the purchase of an in -car camera recoding system in the amount of $87,660. As this purchase
was less than $100,000, the Finance Committee had the authority to approve the purchase. As
City staff worked through the purchase with the financing company, it was determined that a
lease purchase would provide the best financial alternative to the City. A lease purchase,
however would require full City Council approval for the execution of the lease purchase
documents.
The attached order would authorize the Finance Director to execute the necessary documents.
Manager's Comments:
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
X Passage -Consent
First Reading
Referral
Department Head
City Manager
Finance Director
Page _ of _
citor
16-040
DECEMBER 14, 2015
Assigned to Councilor Perry
CITY OF BANGOR
(TITLE.) Order, Authorizing Execution of Lease Purchase Agreement for the
Purchase of In -Car Camera System
THAT, Deborah Cyr, Finance Director is hereby authorized to execute a lease
purchase agreement with Government Capital Corporation for the purpose of
financing the purchase of an in -car camera system. Said documents shall be a final
farm as approved by the City Solicitor or Assistant City Solicitor.
IN CITY COUNCIL
DECEMBER 14, 2015
PASSED
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