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/purchase will finance assets including police vehicles, fire rescue apparatus trucks, and refuse trucks, with lease payments to be included in the FY 2025-26 budget. The selection followed a competitive 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 provision requiring contracts to be finalized before agenda placement to allow for final negotiations. Closing is anticipated around June 16, 2026.