city-of-the-colony-city-council-agenda-september-16-2025_63a.pdf
City to Acquire Armored Vehicle via Lease Purchase
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Description
The City Manager is seeking approval to execute a lease purchase agreement with Municipal Asset Management Inc. to purchase a Lenco armored security vehicle. The total cost of the seven year lease purchase will not exceed $421,234.45 with annual payments not to exceed $60,176.35.
Contract Details
Contract Amount
$421,234.45
Vendor
MUNICIPAL ASSET MANAGEMENT
Agency
City of The Colony, TX
Contract Type
Lease Purchase
Document Date
September 16, 2025
Contract Term
7 years
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