2026 MASTER EQUIPMENT LEASE

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

Miami-Dade County Board of County Commissioners adopted Resolution R-474-26 (File Number 260698) on June 2, 2026, approving the selection of Banc of America Public Capital Corp (BAPCC) as the lease provider for a master equipment lease in an amount not to exceed $80,000,000. The lease/purchase will finance approximately 787 vehicles and equipment for multiple Miami-Dade County departments and constitutional offices, including police vehicles, fire rescue and apparatus trucks, refuse trucks, and other light and heavy vehicles. The financing is countywide. The resolution also approves the terms of the related commitment letter, waives Resolution No. R-130-06, and authorizes the County Mayor or designee to take all actions necessary to consummate the lease/purchase. The interest rates offered by BAPCC range from 3.42 percent to 4.07 percent, valid until June 16, 2026. Closing is anticipated on or about June 16, 2026. The Intergovernmental and Economic Impact Committee forwarded the item to the Board with a favorable recommendation on May 13, 2026. The request for proposals was disseminated on February 26, 2026, and six proposals were received on March 18, 2026. The document does not state any public comment or stakeholder sentiment.