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 lease payments will be funded through the FY 2025-26 budget, with interest rates ranging from 3.42% to 4.07%. The selection process involved a request for proposals, and Banc of America Public Capital Corp offered the most favorable terms. The resolution also waives a previous resolution requiring contracts to be finalized before agenda placement to allow for final negotiations.