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File #: 20-0602    Version: 1
Type: Resolution Status: Adopted
File created: 6/15/2020 In control: Land Use, Transportation & Infrastructure Committee
On agenda: 7/13/2020 Final action: 7/13/2020
Title: A resolution approving a proposed Equipment Lease Purchase Agreement between the City and County of Denver and JPMorgan Chase Bank N.A., to authorize the Manager of Finance to enter into a capital lease purchase transaction, on behalf of the Department of Safety to be used by Denver Fire Department, to lease purchase fire apparatus vehicles. Approves a capital lease purchase agreement with JPMorgan Chase Bank, N.A. for $3,752,476.81 and for seven years for the financing of four fire truck apparatus vehicles, including one Pierce Velocity Ascendant Ladder Truck Apparatus, one Pierce Velocity Rescue Apparatus Truck and two Pierce Velocity Pumper Trucks to support Denver Fire Department operations, citywide (FINAN-202055028). The last regularly scheduled Council meeting within the 30-day review period is on 8-3-20. The Committee approved filing this item at its meeting on 6-23-20.
Indexes: Zach Rothmier
Attachments: 1. RR20 0602 DOF Fire Trucks Equipment - Lease Purchase JPM, 2. 20-0602 Filed Resolution_JPMorgan Chase Bank N.A. 202055028-00, 3. 20-0602 Lease Purchase Agreement JPMorgan Chase Bank, N.A. 202055028-00, 4. 20-0602 Filed Resolution_JPMorgan Chase Bank N.A., 5. 20-0602 - signed
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 6-15-20

Requesting Agency: Finance
Division:

Subject Matter Expert Name:

Name: Kiki Turner
Email: Kiki.Turner@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., to authorize the Manager of Finance to enter into a capital lease purchase transaction, on behalf of the Department of Safety to be used by Denver Fire Department, to lease purchase fire apparatus vehicles.
Approves a capital lease purchase agreement with JPMorgan Chase Bank, N.A. for $3,752,476.81 and for seven years for the financing of four fire truck apparatus vehicles, including one Pierce Velocity Ascendant Ladder Truck Apparatus, one Pierce Velocity Rescue Apparatus Truck and two Pierce Velocity Pumper Trucks to support Denver Fire Department operations, citywide (FINAN-202055028). The last regularly scheduled Council meeting within the 30-day review period is on 8-3-20. The Committee approved filing this item at its meeting on 6-23-20.
body

Affected Council District(s) or citywide? Citywide

Contract Control Number: FINAN-202055028

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

Type and Scope of services to be performed:
This resolution seeks approval to lease purchas...

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