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 selection of Banc of America Public Capital Corp (BAPCC) as 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 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, with no specific street address or parcel identified. The interest rates range from 3.42 percent to 4.07 percent, valid until June 16, 2026. The resolution also waives Resolution No. R-130-06. The Intergovernmental and Economic Impact Committee forwarded the item 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. Closing is anticipated on or about June 16, 2026. Lease payments begin October 1, 2026. No public comment or stakeholder sentiment is stated in the document.