Gallup City Council Regular Meeting Agenda 2026-02-24
Huntington to finance Gallup police laptop lease
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Description
The City of Gallup is reviewing a proposed assignment of a four‑year police laptop and software lease to Huntington Technology Finance, totaling $671,217.36 in rent plus about $40,000 in installation. Huntington would become the lessor of record under standard commercial equipment leasing terms subject to annual appropriations.
Contract Details
Contract Amount
$671,217.36 total rent over 4 years plus approximately $40,000 installation
Vendor
HUNTINGTON TECHNOLOGY FINANCE
Agency
Housing Authority of the city of Gallup, NM
Contract Type
TECHNOLOGY
Document Date
February 24, 2026
Contract Term
Four-year lease term, subject to annual appropriations
Renewal Info
Lease provides a four‑year term with options at expiration to purchase equipment at a value set by the lessor or by appraisal, continue leasing, or return the equipment; early termination allowed if future appropriations are not made.
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approvedIssuing Agency
Housing Authority of the city of Gallup
Local Housing Authority
Gallup, NM
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