FINANCIAL_SERVICESRECOMMENDED

city_council_regular_meeting_agenda_december_2025.pdf

City to finance sewer jetter via NCL lease

6 annual lease payments of $87,081.02 (total $522,486.12) plus $500 documentation feeCity of Pleasant Hill cityNCL GOVERNMENT CAPITALDecember 22, 2025

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Description

Pleasant Hill proposes a six‑year tax‑exempt municipal lease with NCL Government Capital to finance a $452,703.60 Vactor sewer jetter, with annual payments of $87,081.02. The lease is arranged under Sourcewell Contract No. 092424‑NCL and preserves city capital while spreading costs over the equipment’s useful life.

Contract Details

Contract Amount

6 annual lease payments of $87,081.02 (total $522,486.12) plus $500 documentation fee

Vendor

NCL GOVERNMENT CAPITAL

Agency

City of Pleasant Hill city, MO

Contract Type

FINANCIAL_SERVICES

Document Date

December 22, 2025

Contract Term

6 years, first payment due December 8, 2025; pricing locked if funded by January 3, 2026

Renewal Date

2031-12-08

Renewal Info

Fixed six‑year tax‑exempt lease with no balloon payment and no explicit renewal or extension options; payments are locked if the transaction funds by January 3, 2026.