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2026 MASTER EQUIPMENT LEASE
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 selection followed a request for proposals, with Banc of America Public Capital Corp offering the most favorable terms and lowest interest rates, ranging from 3.42% to 4.07%. The resolution also waives a provision requiring contracts to be finalized before agenda placement to allow for final negotiations. Lease payments will begin October 1, 2026.
- Board:
- Board of County Commissioners
- Date:
- 2026-06-02
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Banc of America Public Capital Corp (Lease Provider)
2026 MASTER EQUIPMENT LEASE
Miami-Dade County Commission adopted Resolution R-474-26, approving the selection of 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 annual budget appropriations, with interest rates ranging from 3.42% to 4.07%, valid until June 16, 2026. The resolution also waives a provision requiring contracts to be finalized before agenda placement to allow for final negotiations. Senator Garcia advised he would vote no. Vice Chairwoman Milian Orbis inquired about electric vehicles, and it was stated that 43 of the 787 vehicles are electric. Commissioner Cohen Higgins questioned the cost-efficiency of leasing versus purchasing and requested a cost-benefit analysis, which was agreed to be provided.
- Board:
- Board of County Commissioners
- Date:
- 2026-06-02
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Banc of America Public Capital Corp
2026 MASTER EQUIPMENT LEASE
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. These assets will be utilized by multiple county departments and constitutional offices, including police vehicles, fire rescue apparatus trucks, and refuse trucks. The financing costs will also be covered. The selection followed a request for proposals, and BAPCC offered the most favorable terms and lowest interest rates, ranging from 3.42% to 4.07%. The lease payments are scheduled to begin on October 1, 2026. The resolution also waived a provision requiring contracts to be finalized before agenda placement to allow for final negotiations.
- Board:
- Board of County Commissioners
- Date:
- 2026-06-02
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Banc of America Public Capital Corp
2026 MASTER EQUIPMENT LEASE
Miami-Dade County Board of County Commissioners adopted Resolution R-474-26, approving the selection of 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 resolution authorizes the County Mayor or designee to finalize agreements consistent with the commitment letter. A waiver of Resolution No. R-130-06 was approved to allow for final contract execution after the resolution's adoption. Senator Garcia advised he would vote 'no'. Vice Chairwoman Milian Orbis inquired about electric vehicles, and it was stated that 43 of the 787 vehicles are electric. Commissioner Cohen Higgins questioned the cost-efficiency of leasing versus purchasing and requested a cost-benefit analysis.
- Board:
- Board of County Commissioners
- Date:
- 2026-06-02
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Banc of America Public Capital Corp
2026 MASTER EQUIPMENT LEASE
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.
- Board:
- Board of County Commissioners
- Date:
- 2026-06-02
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Miami-Dade County Office of Management and Budget; Mayor Daniella Levine Cava; Lease Provider Banc of America Public Capital Corp
2026 MASTER EQUIPMENT LEASE
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 multiple 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 competitive solicitation process where Banc of America Public Capital Corp offered the lowest interest rates, ranging from 3.42% to 4.07%, valid until June 16, 2026. Lease payments will begin October 1, 2026. A waiver of Resolution No. R-130-06 was approved to allow for final contract execution after the resolution's effective date. During committee review, it was clarified that 43 of the 787 vehicles would be electric, not including electric buses. A commissioner inquired about the cost-efficiency analysis between leasing and purchasing, and the department agreed to follow up.
- Board:
- Board of County Commissioners
- Date:
- 2026-06-02
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Banc of America Public Capital Corp
2026 MASTER EQUIPMENT LEASE
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 multiple 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 competitive solicitation process where Banc of America Public Capital Corp offered the lowest interest rates. The resolution waives a previous requirement for contracts to be finalized before agenda placement to allow for final negotiations. Senator Garcia indicated he would vote no. Vice Chairwoman Milian Orbis inquired about electric vehicles, and it was confirmed that 43 of the 787 vehicles would be electric. Commissioner Cohen Higgins questioned the cost-efficiency of leasing versus purchasing and requested a cost-benefit analysis, which was agreed to be provided.
- Board:
- Board of County Commissioners
- Date:
- 2026-06-02
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Banc of America Public Capital Corp
2026 MASTER EQUIPMENT LEASE
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 multiple 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 competitive solicitation process where Banc of America Public Capital Corp offered the lowest interest rates. The resolution also waives a provision requiring contracts to be finalized before agenda placement to allow for final negotiations. During committee review, a question was raised about the inclusion of electric vehicles, with confirmation that 43 of the 787 vehicles would be electric (sedans and light trucks), but no electric buses. Another commissioner inquired about the cost-efficiency of leasing versus purchasing fleet vehicles, and the department agreed to provide a cost-benefit analysis.
- Board:
- Board of County Commissioners
- Date:
- 2026-06-02
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Banc of America Public Capital Corp (Lease Provider)
2026 MASTER EQUIPMENT LEASE
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 multiple 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 Banc of America Public Capital Corp offering the lowest interest rates. A waiver of Resolution No. R-130-06 was approved to allow for finalization of agreements after the resolution's adoption. During committee review, a question was raised about the inclusion of electric vehicles, with confirmation that 43 of the 787 vehicles would be electric (sedans and light trucks), but no electric buses. Another commissioner inquired about the cost-efficiency of leasing versus purchasing, and the department agreed to provide a cost-benefit analysis.
- Board:
- Board of County Commissioners
- Date:
- 2026-06-02
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Banc of America Public Capital Corp (Lease Provider)
2026 MASTER EQUIPMENT LEASE
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 multiple 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 Banc of America Public Capital Corp offering the lowest interest rates. The resolution also waives a provision requiring contracts to be finalized before agenda placement to allow for final negotiations. During committee review, a question was raised about the inclusion of electric vehicles, with confirmation that 43 of the 787 vehicles would be electric (sedans and light trucks), but no electric buses. Another commissioner inquired about the cost-efficiency of leasing versus purchasing fleet vehicles, and the department agreed to provide a cost-benefit analysis.
- Board:
- Board of County Commissioners
- Date:
- 2026-06-02
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Banc of America Public Capital Corp
2026 MASTER EQUIPMENT LEASE
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 selection was based on a request for proposals where Banc of America Public Capital Corp offered the lowest interest rates, ranging from 3.42% to 4.07%, valid until June 16, 2026. The lease payments will begin on October 1, 2026. A waiver of Resolution No. R-130-06 was approved to allow finalization of agreements after the resolution's adoption. Senator Garcia advised he would vote 'no'. Vice Chairwoman Milian Orbis inquired about electric vehicles, and it was stated that 43 of the 787 vehicles are electric. Commissioner Cohen Higgins questioned the cost-efficiency of leasing versus purchasing and requested a cost-benefit analysis, which was agreed to be provided.
- Board:
- Board of County Commissioners
- Date:
- 2026-06-02
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Banc of America Public Capital Corp (Lease Provider)
2026 MASTER EQUIPMENT LEASE
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 lease payments will be funded through the FY 2025-26 budget. The financing will cover police vehicles, fire rescue apparatus, refuse trucks, and other light and heavy vehicles. The selection process involved a request for proposals, and Banc of America Public Capital Corp offered the most favorable terms and lowest interest rates, ranging from 3.42% to 4.07%. The resolution also waives a previous resolution requiring contracts to be finalized before agenda placement to allow for final negotiations. Closing is anticipated around June 16, 2026.
- Board:
- Board of County Commissioners
- Date:
- 2026-06-02
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Banc of America Public Capital Corp
2026 MASTER EQUIPMENT LEASE
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 multiple 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 Banc of America Public Capital Corp offering the most favorable terms. The resolution waives a provision requiring contracts to be finalized before agenda placement to allow for final negotiations. Senator Garcia advised he would vote no. Vice Chairwoman Milian Orbis inquired about electric vehicles, and it was stated that 43 of the 787 vehicles would be electric. Commissioner Cohen Higgins questioned the cost-efficiency of leasing versus purchasing and offered to work with staff on a cost-benefit analysis.
- Board:
- Board of County Commissioners
- Date:
- 2026-06-02
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Banc of America Public Capital Corp
2026 MASTER EQUIPMENT LEASE
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 multiple 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 Banc of America Public Capital Corp offering the most favorable terms. The resolution waives a provision requiring contracts to be finalized before agenda placement to allow for final negotiations. Senator Garcia advised he would vote no. Vice Chairwoman Milian Orbis inquired about electric vehicles, and it was stated that 43 of the 787 vehicles would be electric. Commissioner Cohen Higgins questioned the cost-efficiency of leasing versus purchasing and offered to work with staff on a cost-benefit analysis.
- Board:
- Board of County Commissioners
- Date:
- 2026-06-02
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Banc of America Public Capital Corp (Lease Provider)
2026 MASTER EQUIPMENT LEASE
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.
- Board:
- Board of County Commissioners
- Date:
- 2026-06-02
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Banc of America Public Capital Corp
2026 MASTER EQUIPMENT LEASE
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 multiple 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 where Banc of America Public Capital Corp offered the lowest interest rates. The resolution waives a provision requiring contracts to be finalized before agenda placement to allow for final negotiations. During committee review, a question was raised about the inclusion of electric vehicles, with confirmation that 43 of the 787 vehicles would be electric. Another commissioner inquired about the cost-efficiency of leasing versus purchasing fleet vehicles, and the department agreed to provide a cost-benefit analysis.
- Board:
- Board of County Commissioners
- Date:
- 2026-06-02
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Banc of America Public Capital Corp (Lease Provider)
2026 MASTER EQUIPMENT LEASE
Miami-Dade County Board of County Commissioners adopted Resolution R-474-26, approving the selection of Banc of America Public Capital Corp to provide up to $80,000,000 for a lease/purchase of approximately 787 vehicles and equipment for various county departments and constitutional offices. The lease payments will be funded through annual budget appropriations. Senator Garcia advised he would vote 'no'. Vice Chairwoman Milian Orbis inquired about electric vehicles, and it was stated that 43 of the 787 vehicles would be electric. Commissioner Cohen Higgins questioned the cost-efficiency of leasing versus purchasing and requested a cost-benefit analysis, which was agreed to be provided.
- Board:
- Board of County Commissioners
- Date:
- 2026-06-02
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Banc of America Public Capital Corp (Lease Provider), Miami-Dade County (Requester)
2026 MASTER EQUIPMENT LEASE
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 most favorable terms and lowest interest rates, ranging from 3.42% to 4.07%, valid until June 16, 2026. Lease payments will begin on October 1, 2026. The resolution also waived a provision requiring contracts to be finalized before agenda placement to allow for final negotiations. No public comment was noted in the document.
- Board:
- Board of County Commissioners
- Date:
- 2026-06-02
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Banc of America Public Capital Corp (Lease Provider)
2026 MASTER EQUIPMENT LEASE
Miami-Dade County Board of County Commissioners adopted Resolution R-474-26, approving the selection of 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 lease payments will be funded through annual budget appropriations. The financing is for police vehicles, fire rescue apparatus, refuse trucks, and other light and heavy vehicles. Senator Garcia voted no on the item. Vice Chairwoman Milian Orbis inquired about electric vehicles, and it was stated that 43 of the 787 vehicles are electric. Commissioner Cohen Higgins questioned the cost-efficiency of leasing versus purchasing and requested a cost-benefit analysis.
- Board:
- Board of County Commissioners
- Date:
- 2026-06-02
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Banc of America Public Capital Corp
2026 MASTER EQUIPMENT LEASE
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 multiple 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 Banc of America Public Capital Corp offering the lowest interest rates. The resolution waives a provision requiring contracts to be finalized before agenda placement to allow for final negotiations. During a committee meeting, a question was raised about the inclusion of electric vehicles, with confirmation that 43 of the 787 vehicles would be electric (sedans and light trucks), but no electric buses. Another commissioner inquired about the cost-efficiency of leasing versus purchasing fleet vehicles, and the department agreed to provide a cost-benefit analysis.
- Board:
- Board of County Commissioners
- Date:
- 2026-06-02
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Banc of America Public Capital Corp
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