2026 MASTER EQUIPMENT LEASE

Board of County Commissioners · 2026-06-02 · resolution

Miami-Dade County approved a resolution to select Banc of America Public Capital Corp to provide up to $80,000,000 for the lease/purchase of approximately 787 vehicles and equipment for various county departments and constitutional offices. The financing will cover police vehicles, fire rescue apparatus, refuse trucks, and other light and heavy vehicles. The selection followed a request for proposals, with Banc of America Public Capital Corp offering the most favorable terms and lowest interest rates, ranging from 3.42% to 4.07%. The resolution also waives a previous resolution requiring contracts to be finalized before agenda placement to allow for final negotiations. Lease payments will begin on October 1, 2026.