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File #: 17-1420    Version: 1
Type: Resolution Status: Adopted
File created: 12/5/2017 In control: Finance & Governance Committee
On agenda: 12/18/2017 Final action: 12/18/2017
Title: A resolution approving a proposed Equipment Lease Purchase Agreement between the City and County of Denver and Banc of America Public Capital Corp for a five-year lease with option to purchase mobile radio equipment. Approves a five-year, $14,178,638 capital lease agreement with Banc of America Public Capital Corp on behalf of Technology Services to purchase a new citywide Project 25 Land Mobile Radio system to be procured from Motorola Solutions (FINAN-201738573-00). The last regularly scheduled Council meeting within the 30-day review period is on 1-8-18. The Committee approved filing this resolution by consent on 12-12-17.
Indexes: Shelley Smith
Attachments: 1. RR17 1420 DOF P25 Radio Capital Lease, 2. 17-1420 Signed Contract_BOA Financing.201738573, 3. 17-1420 Filed Resolution_Banc of America.201738573-00, 4. 17-1420 Filed Resolution_Banc of America.201738573-00.pdf, 5. 17-1420 - signed
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 12-05-17

Requesting Agency: Finance
Division:

* Name: Beth Strauss
* Phone: (720) 913-5208
* Email: beth.strauss@denvergov.org

Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney's Office should enter the title above the description (the title should be in bold font).

Both the title and description must be entered between the red "title" and "body" below. Do not at any time delete the red "title" or "body" markers from this template.
title
A resolution approving a proposed Equipment Lease Purchase Agreement between the City and County of Denver and Banc of America Public Capital Corp for a five-year lease with option to purchase mobile radio equipment.
Approves a five-year, $14,178,638 capital lease agreement with Banc of America Public Capital Corp on behalf of Technology Services to purchase a new citywide Project 25 Land Mobile Radio system to be procured from Motorola Solutions (FINAN-201738573-00). The last regularly scheduled Council meeting within the 30-day review period is on 1-8-18. The Committee approved filing this resolution by consent on 12-12-17.
body

Affected Council District(s) or citywide? Citywide

Contract Control Number: FINAN-201738573-00

Vendor/Contractor Name (including any "DBA"): Banc of America Public Capital Corp

Type and Scope of services to be performed: This resolution seeks approval to finance the acquisition of a new citywide (excluding Denver International Airport) radio system, which will replace the City's current radio system since it is at end of life with a new, standard-based Project 25 (P25) system to support all City radio users. The new system also includes implementation services and new radios, which will also be financed through a capital lease purchase transa...

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