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Title:
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A bill for an ordinance approving a proposed Equipment Lease Purchase Agreement between the City and County of Denver and All American Investment Group, LLC, to approve a five year turf equipment capital lease.
(GOVERNMENT & FINANCE) Approves a 5-year turf equipment capital lease (through 2016) not to exceed $2,260,000 with All American Investment Group for equipment for Parks and Recreation and the Golf Division with principal of $2,151,525 and an interest rate of 1.80%. Companion bill to CB12-0476. The last regularly scheduled Council meeting within the 30-day period is on 8-21-12. The Committee approved filing this bill by consent on 6-21-12.
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