Impact
WARD: Ward
COMMITTEE:
$ IMPACT:
Title
Approval for the Intergovernmental Agreement for Lease Payments Portable and Mobile Radios Capital Outlay Project with Cobb County for $1.5 million and to authorize the mayor to sign all related documents.
Body
ISSUE:
The approved 2016 SPLOST included the purchase of public safety equipment including, but not limited to, portable and mobile radios. The City would like to participate with Cobb County in a capital lease to acquire these radios. The lease payments will be paid with 2016 SPLOST monies.
BACKGROUND:
Cobb County has entered into a contract for the purchase of portable and mobile radios with the related necessary installation and maintenance of such radios at a discounted rated based on factors such as date of purchase and quantities purchase. The City would like to participate in this capital lease to utilize the advantageous purchase contract pricing and capital lease financing using 2016 SPLOST funds to pay the lease payments. The County will deduct lease payments prior to 2016 SPLOST distributions.
RECOMMENDATION/REQUESTED ACTION:
Approval for the Intergovernmental Agreement for Lease Payments Portable and Mobile Radios Capital Outlay Project and to authorize the mayor to sign all related documents.