Regions Selected for $150 Million Vehicle Financing

The City of Miami Commission will consider approving Regions Capital Advantage, Inc. to provide up to $150 million in capital financing through a Master Equipment Lease Purchase Agreement. The financing will fund lease/purchase acquisitions of ambulance units, light and heavy fleet vehicles, motorcycles, sweepers, trailers, automobiles, and related equipment.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $150,000,000.00

Contract type

FINANCIAL_SERVICES

Renewal

Master Equipment Lease Purchase Agreement may be amended, with additional schedules or tranches executed as needed; specific renewal term is not provided.

Document type

Agenda

Source document

City of Miami Agenda 2026-07-23

Related contracts

Other contracts from Regions Capital Advantage Inc.

View all →

City of Miami Marked Agenda 2026-07-23

AWARDED

City of Miami, FloridaNot to exceed total aggregate principal amount of $150,000,000.00Jul 23, 2026

City of Sarasota Agenda Regular City Commission Meeting 2026-07-20

APPROVED

City of Sarasota, FloridaNot to exceed $8,000,000Jul 20, 2026

University Park Recreation District Agenda Packet 2026-07-17

AMENDED

University Park Recreation District, FloridaNot to exceed $5,000,000Jul 17, 2026

University Park Recreation District Agenda 2026-07-17

ONGOING

University Park Recreation District, FloridaNot to exceed $5,000,000Jul 17, 2026

City of Sarasota Agenda Regular City Commission Meeting 2026-07-20

APPROVED

City of Sarasota, FloridaNot to exceed $8,000,000Jul 12, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Miami?

Regions Capital Advantage Inc was awarded this financial services contract by City of Miami, as recorded on July 17, 2026. The contract value is Not to exceed $150,000,000.00.

How much is the Regions Capital Advantage Inc contract with City of Miami worth?

The Regions Capital Advantage Inc contract with City of Miami is valued at Not to exceed $150,000,000.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Miami Agenda 2026-07-23 (Agenda), dated July 17, 2026 from City of Miami. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Regions Capital Advantage Inc hold?

Regions Capital Advantage Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Regions Capital Advantage Inc's profile

What is City of Miami currently buying?

Explore City of Miami's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Miami's profile