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 lease payments will be funded through the FY 2025-26 budget. The financing will cover police vehicles, fire rescue apparatus, refuse trucks, and other light and heavy vehicles. The selection process involved a request for proposals, and Banc of America Public Capital Corp offered 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. Closing is anticipated around June 16, 2026.