City of Long Beach Council Meeting Minutes May 12 2026
Banc of America to Finance CNG Aerial Truck Purchase
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Description
Long Beach authorized a 10-year lease-purchase financing agreement with Banc of America Public Capital Corp for a CNG-powered Freightliner 114SD aerial truck. The interest rate will be finalized when the agreement is executed.
Contract Details
Vendor
BANC OF AMERICA PUBLIC CAPITAL CORP
Agency
City of Long Beach, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Contract Term
Lease-purchase payable over 10 years
Renewal Date
2036-05-12
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