TITLE
Recommendation to adopt Specifications No. ITB FS18-074 and award a contract to Mossy Nissan, of San Diego, CA, for the delivery of three Nissan Leaf SV electric vehicles, valued at a total amount of $101,236, pursuant to lease-purchase agreement;
Adopt Specifications No. ITB FS18-075 and award a contract to Courtesy Chevrolet Center, of San Diego, CA, for the delivery of two Chevrolet Bolt electric vehicles, valued at a total amount of $71,860, pursuant to lease-purchase agreement; and
Authorize City Manager, or designee, to execute all documents necessary to enter into contracts, including any necessary amendments, with Acme Auto Leasing, LLC, of North Haven, CT, for lease financing of three Nissan Leaf SV electric sedans and two Chevrolet Bolt electric sedans for a period of one year, in a total amount not to exceed $161,395. (Citywide)
DISCUSSION
City Council approval is requested to enter into contracts with Mossy Nissan, for the lease-purchase of three Nissan Leaf SV electric vehicles, and Courtesy Chevrolet Center, for the lease-purchase of two Chevrolet Bolt electric vehicles. Four of the units were authorized in the approved FY 17 replacement plan and one was approved as a FY 18 mid-year enhancement request. While sufficient capital to purchase the vehicles was collected, the Financial Management Department is recommending financing through lease agreements to take advantage of a $5,000 per-vehicle federal tax credit, which lowers the overall cost of the vehicle to the City. Municipalities can only take advantage of these rebates when purchasing qualified new vehicles through a leasing agreement.
City Council approval is also requested to enter into a contract with Auto Leasing, LLC, for the lease financing of three Nissan Leaf and two Chevrolet Bolt electric vehicles. These agreements will enable the City to take advantage of federal tax credits, which will reduce the total vehicle cost by $25,000. The City will submit a down payment of $9...
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