Finance $5 million street light system upgrade through equipment lease
In Plain English
The city plans to upgrade its street light system but lacks upfront cash. Bank of America Merrill Lynch will lease equipment to the city for up to $5 million. If approved, the city makes lease payments over time instead of paying the full cost immediately.
Auto-generated summary. Source: official agenda documents.
Votes
Motion · Official minutes
Adopt Resolution No. 72-13
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