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File #: 18-1505    Version: 1
Type: Resolution Status: Adopted
File created: 12/11/2018 In control: Finance & Governance Committee
On agenda: 1/7/2019 Final action: 1/7/2019
Title: A resolution approving a proposed Equipment Lease Purchase Agreement between the City and County of Denver and JPMorgan Chase Bank, N.A. for the financing of turf equipment and golf carts for use at various city-owned parks and golf courses. Approves a capital equipment lease agreement with JPMorgan Chase Bank, N.A. for $6,985,228.54 and for five years for the financing of turf equipment and golf carts for use at various city-owned parks and golf courses, citywide (FINAN-201846542-00). The last regularly scheduled Council meeting within the 30-day review period is on 1-28-19. The Committee approved filing this item at its meeting on 12-18-18.
Indexes: Jonathan Griffin
Attachments: 1. RR18 1505 DOF Golf-Parks Equipment - Financing. Supporting, 2. RR18 1505 DOF Golf-Parks Equipment - Financing, 3. 18-1505 Filed Resolution_JPMorgan Chase Bank 201846542-00, 4. 18-1505 Equipment Lease Purchase Agreement_JPMorgan Chase Bank, N.A., 201846542-00, 5. 18-1505_Filed Resolution_JPMorgan Chase Bank.pdf, 6. 18-1505 - signed
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 12-11-18

Requesting Agency: Finance
Division:

Subject Matter Expert Name:

Name: Beth Strauss
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 JPMorgan Chase Bank, N.A. for the financing of turf equipment and golf carts for use at various city-owned parks and golf courses.
Approves a capital equipment lease agreement with JPMorgan Chase Bank, N.A. for $6,985,228.54 and for five years for the financing of turf equipment and golf carts for use at various city-owned parks and golf courses, citywide (FINAN-201846542-00). The last regularly scheduled Council meeting within the 30-day review period is on 1-28-19. The Committee approved filing this item at its meeting on 12-18-18.
body

Affected Council District(s) or citywide? citywide

Contract Control Number: FINAN-201846542-00

Vendor/Contractor Name (including any "DBA"): JPMorgan Chase Bank, N.A.

Type and Scope of services to be performed:
This resolution seeks approval to finance the acquisition of turf equipment and golf carts ("Equipment") for the Department of Parks and Recreation ("Parks") and the Golf Enterprise ("Golf"). The turf equipment will replace existing equipment used by Parks and Golf at various City-...

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