City Plans 60-Month Fleet Lease with Enterprise
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Description
South Pasadena staff recommends entering a 60‑month Master Equity Lease Agreement with Enterprise Fleet Management Inc. to lease seventeen replacement fleet vehicles at an estimated total cost of $899,441. The program modernizes key Public Works vehicles through a cooperative purchasing, lease‑to‑own structure while supporting a phased transition toward electrification.
Contract Details
Contract Amount
$899,441 (total estimated cost for seventeen leased replacement vehicles)
Vendor
ENTERPRISE FLEET MANAGEMENT INC
Agency
City of South Pasadena, CA
Contract Type
EQUIPMENT
Document Date
May 20, 2026
Contract Term
60-month lease term
Renewal Info
Initial master equity lease term is 60 months for seventeen vehicles under a lease-to-own structure; future transitions to EVs are anticipated as infrastructure and technology mature, but no automatic renewal terms are specified in the report.
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