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CITY of RAPID CITY Agenda Item Summary |
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Meeting Date: 05/18/2015 |
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Staff Contact: Tracy Davis |
L&F Committee: 05/13/2015 |
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City Council: 05/18/2015 |
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Agenda Title: |
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Authorize Mayor and Finance Officer to sign an additional Wells Fargo equipment and vehicle finance application for the City’s 2014 funding needs. |
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Summary: |
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This represents a financing package for several pieces of equipment for stormwater drainage, ambulance, and parks divisions. Some of the pieces of equipment approved in 2014 were not received within the allowable time frame with Wells Fargo (4/30/15) therefore the City has to sign an additional Equipment and Vehicle Finance Application for the remaining approximately $200,000. |
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Funding Source & Fiscal Impact (if applicable): |
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Stormwater Drainage, Ambulance and Parks Divisions through annual payments |
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Recommendation: |
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Action: Approve Notes: |
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Options: |
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Attachments & Links: |
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