Board of Estimate & Contract:
RESOLVED, that an ordinance adopted by the City Council on October 10, 2024, and signed by the Mayor on October 11, 2024, authorizing the Acquisition and Financing of New Vehicles for the Department of Public Works Fleet Through a Lease Agreement with Leasing Servicing Center, Inc. dba NCL Government Capital - (the estimated cost of the acquisition is $4,975,598.76, with a $100,598.76 down payment and the remainder of $4,875,000 financed over seven (7) years, with available funding through the American Rescue Plan Act (ARPA). The financing of the new vehicles and equipment will be covered through the following sources:
* American Rescue Plan Act (ARPA) funds from budget line A8160.203ARP
* A transfer of $100,598.76 from budget line A8170.447ARP to A8160.203ARP for the down payment.
* Annual payments starting in 2026 will be made from budget lines A1640.203 and A8160.203.
, be and the same is hereby approved.
City Council:
AN ORDINANCE AUTHORIZING THE
ACQUISITION AND FINANCING OF NEW
VEHICLES FOR THE DEPARTMENT OF
PUBLIC WORKS FLEET THROUGH A LEASE
AGREEMENT WITH LEASE SERVICING
CENTER, INC. DBA NCL GOVERNMENT CAPITAL
Whereas, by letter dated October 1, 2024, the Commissioner of the Department of Public Works ("DPW") has requested legislation authorizing the Mayor, on behalf of the City of Mount Vernon, to enter into a municipal lease agreement with Lease Servicing Center, Inc. dba NCL Government Capital ("NCL") for the acquisition of new vehicles and equipment for the Department of Public Works fleet as outlined in the attached procurement list; and
Whereas, the Department of Public Works fleet in the City of Mount Vernon is in a state of significant disrepair due to decades of neglect, mismanagement, and outdated policies, severely limiting the department's ability to deliver essential services such as snow removal, sanitation, street cleaning, road maintenance, and sewer operations; and
Whereas...
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