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
Adopt Resolution No. 72-13
PassedSimilar Discussions
5 related items found by meaning
Apply for $3 million state loan to upgrade city streetlights
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Award $726,025 contract to convert Park Plaza neighborhood street lights
The Story So Far
2 prior discussions on this topic
Richmond Government Accountability, Transparency, and Ethics Act (Richmond GATE Act) Placing a Ballot Initiative on the November 2026 Ballot to Adopt an Ordinance that Establishes an Independent Ethics Commission
Richmond Government Accountability, Transparency, and Ethics Act (Richmond GATE Act) Placing a Ballot Initiative on the November 2026 Ballot to Adopt an Ordinance that Establishes an Independent Ethics Commission
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