HomeMy WebLinkAbout08- Finance CITY OF SAN BERKP IDINO REQUEST Fr_ I COUNCIL ACTION
From: BARBARA PACHON Subject: ACCEPTING MASTER LEASE FOR MUNI-GROUP,
DIRECTOR OF FINANCE A MUNICIPAL LEASE/FUNDING COMPANY, FOR
Dept: ' A LEASE PURCHASE MASTER CONTRACT.
FINANCE
Date:
FEBRUARY .2, 1995
Synopsis of Previous Council action:
October 3, 1994, Resolution No. 94-300 was approved.
Muni Group did not execute agreement within the .sixty days of the passage of
resolution No. 94-300, therefore resolution was recinded.
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FEB c!, 1 OG
Recommended motion:
ADOPT RESOLUTION
F
Signature
�ontactperson: BARBARA PACHON, DIRECTOR OF FINANCE phone: EXT. 5242
supporting data attached: Ward:
=UNDING REQUIREMENTS: Amount:
Source: (Acct. No.)
(Acct. Description)
Finance:
.ouncil Notes:
5-0262 Agenda Item No.-----
CITY OF SAN BERNARDINO - REQUEST FOR COUNCIL ACTION
STAFF REPORT
The proposed action is to add a Lease Purchase Master Contract with
the City of San Bernardino. This will add to our library of
financing partners which currently includes Associated Commercial
Corporation, G.E. Capital, MLC Group, Pacific Atlantic, MNC
Government Finance, City Corp North America, Ford Motor Credit Co. ,
Security Pacific Leasing and Pacificorp. This will reduce the
processing time in Lease Purchasing Transactions.
It is requested that Council approve Muni-Group, a Municipal Lease/
Funding Company, for a Lease Purchase Master Contract.
Muni-Group
7849 Via Paseo Del Sur,
Suite 515-134
Scottsdale, Arizona 85258