Ordinance on first reading - approving a three-year, 40,000 mile per year, closed-end lease with a $385,586.10 yearly lease cost and a $6,000.00 per vehicle buyout rate for 30 equipped, marked police vehicles beginning October 1, 2018, with The Bancorp, 3755 Park Lake Street, Orlando, FL 32808 contingent upon budget appropriations and with stipulations. Since the Vehicle Acquisition Program (VAP) was adopted under Ordinance 15-75 which approved a Master Lease Agreement and Property Schedule with The Bancorp to lease 40 marked police vehicles on March 18, 2015, as part of the first generation of the VAP model, the Police Department has acquired 86 police related vehicles and accessory equipment. The approval of this item begins the second generation of the VAP model. Funds available in the General Fund.
John J. Drago, Business Enterprise Management Director, to report.
Recommendation: Business Enterprise Management Director recommends passing the Ordinance on first reading.
Action: Motion to pass the Ordinance on first reading.
Note: If passed, Public Hearing, May 16, 2018.