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 (BAPCC) 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 selection followed a request for proposals, with BAPCC offering the lowest interest rates (ranging from 3.42% to 4.07%) and most favorable terms. The lease payments will be funded through the FY 2025-26 budget, with the first payment due October 1, 2026. The resolution also waives a provision requiring contracts to be finalized before agenda placement to allow for final negotiations.