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City Considers $40.5 Million Fleet Lease Agreement

City of San Diego logoCity of San Diego
Disclosed value
Not to exceed $40,500,000
From agenda
Document date
Nov 18, 2025

The 30-second brief

What it covers

The City Council is considering a master lease agreement with Banc of America Public Capital Corporation to finance up to $40.5 million in General Fund vehicles and equipment. The financing uses the City's Equipment and Vehicle Financing Program.

Who holds it

Banc of America Public Capital Corporation holds this financial services contract with City of San Diego. Its other public contracts on record include work for Montgomery County Public Schools and Washington-Saratoga-Warren-Hamilton-Essex Boces.

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Contract details

Contract type
Financial Services
Amount
Not to exceed $40,500,000
Document date
November 18, 2025
Vendor
Banc of America Public Capital Corporation
Agency
City of San Diego
Source document
City of San Diego Agenda 2025-11-18 (Agenda)

Banc of America Public Capital Corporation's other public contracts

Montgomery County Public Schools, MarylandMCPS Recommends Five-Year Vehicle Financing Agreement · Oct 22, 2026$1.3MWashington-Saratoga-Warren-Hamilton-Essex Boces, New YorkBOCES Approves Cooperative Financing Agreement with Banc of America · Oct 14, 2026UndisclosedWashington-Saratoga-Warren-Hamilton-Essex Boces, New YorkWSWHE Approves Cooperative Financing Through Banc of America · Oct 11, 2026UndisclosedMontgomery County Public Schools, MarylandMCPS Extends Master Lease Financing Agreement Through 2030 · Sep 24, 2026Montgomery County Public Schools, MarylandMCPS Approves Six-Year Truck Financing Agreement · Sep 24, 2026$167KAll Banc of America Public Capital Corporation contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of San Diego?

Banc of America Public Capital Corporation was awarded this financial services contract by City of San Diego, as recorded on November 18, 2025. The contract value is Not to exceed $40,500,000.

How much is the Banc of America Public Capital Corporation contract with City of San Diego worth?

The Banc of America Public Capital Corporation contract with City of San Diego is valued at Not to exceed $40,500,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of San Diego Agenda 2025-11-18 (Agenda), dated November 18, 2025 from City of San Diego. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Banc of America Public Capital Corporation hold?

Banc of America Public Capital Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of San Diego currently buying?

Explore City of San Diego's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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