HomeMy WebLinkAbout08- Finance CITY OF SAN BERN[ IDINO - REQUEST V Z COUNCIL ACTION
From: BARBARA PACHON, Subject: ACCEPTING MASTER LEASE WITH OPTION TO
DIRECTOR OF FINANCE PURCHASE AGREEMENT FOR ACCESS PUBLIC
Dept: FUNDING, INC. FOR THE FURNISHING OF
FINANCE LEASE PURCHASE FINANCING.
Date:
JANUARY 17, 1995
Synopsis of Previous Council action:
On October 4, 1994, Mayor and Council adopted resolution No. 94-301, accepting lease
purchase master agreement for Access Public Funding, Inc. for the furnishing of lease
purchase financing, as amended by interdelineation.
Access Public Funding was asked to amend the Master Lease and return to the City.
Access Public Funding did make all the changes requested to the Master Lease but did
not return the amended Master Lease within the sixty (60) days of the passage of the
resolution. The resolution is now rescinded and has to be readopted by the Mayor and
Council.
Recommended motion:
ADOPT RESOLUTION
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Signat e
Contact person: BARBARA PACHON. DIRECTOR OF FINANCE Phone: ext. 5242
Supporting data attached: Ward:
FUNDING REQUIREMENTS: Amount:
Source: (Acct. No.)
(Acct. Description)
Finance:
Council Notes:
�7 5
75.0262 Agenda Item No. v
7
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 Access Public Funding for
Lease Purchase Master Contract.
Access Public Funding Inc.
501 Second Street
Suite 330
San Francisco, CA 94107