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 for a lease/purchase agreement not to exceed $80,000,000. This financing will cover approximately 787 vehicles and equipment for multiple county departments and constitutional offices. The selection followed a request for proposals, with Banc of America Public Capital Corp offering the most favorable terms. The lease payments are to be included in the FY 2025-26 budget. During a committee meeting, a question was raised about the inclusion of electric vehicles, with confirmation that 43 out of 787 vehicles would be electric (sedans and light trucks), and no electric buses were included. Another commissioner inquired about the cost-efficiency analysis between leasing and purchasing fleet vehicles, and the department agreed to follow up with this information. Senator Garcia advised he would vote no on the item.