City of Long Beach Council Meeting Minutes May 12 2026
Banc of America to Finance City Tractor Purchase
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Description
Long Beach authorized a 10-year lease-purchase agreement with Banc of America Public Capital Corp to finance two John Deere 6135E tractors. The interest rate will be set 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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