Contract Request Template (Contracts; IGAs; Leases)
Date Submitted: 4/25/22
Requesting Agency: Department of Finance
Division:
Subject Matter Expert Name: Kiki Turner
Email Address: Kiki.Turner@denvergov.org
Phone Number:
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 acquire fleet vehicles through a Lease on behalf of the Department of Transportation and Infrastructure, citywide.
Authorizes the Manager of Finance to enter into a capital lease purchase agreement with JPMorgan Chase Bank, N.A. for an amount not to exceed $22,921,403.59 and for a 5-year term ending 9-30-2027 to finance the acquisition of fleet vehicles on behalf of the Department of Transportation and Infrastructure, citywide (FINAN-202262871). The last regularly scheduled Council meeting within the 30-day review period is on 6-6-22. The Committee approved filing this item at its meeting on 5-3-22.
body
Affected Council District(s) or citywide? Citywide
Contract Control Number: FINAN-202262871
Vendor/Contractor Name (including any "DBA"): JPMorgan Chase Bank, N.A.
Type and Scope of services to be performed: This resolution seeks approval of a lease purchase agreement for the acquisition of fleet vehicles ("Equipment") on behalf of Department of Transportation and Infrastructure ("DOTI"). The Equipment will be used to replace existing fleet that has reached the end of its useful life.
The Equipment will b...
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