FINANCIAL_SERVICESAPPROVED

Park County Board of Commissioners Special Meeting Agenda March 2026

Park County enters Motorola municipal lease financing

$545,831.86 financed; three annual payments of $202,465.50 (total $607,396.50)Park CountyMOTOROLA SOLUTIONS CREDIT COMPANY LLCMarch 31, 2026

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Description

Park County has executed Equipment Lease-Purchase Agreement #25867 financed by Motorola Solutions Credit Company LLC for $545,831.86 of radio console equipment. The County will make three annual payments of $202,465.50 from 2027 through 2029 under a 36‑month municipal lease at 5.54% interest.

Contract Details

Contract Amount

$545,831.86 financed; three annual payments of $202,465.50 (total $607,396.50)

Vendor

MOTOROLA SOLUTIONS CREDIT COMPANY LLC

Agency

Park County, CO

Contract Type

FINANCIAL_SERVICES

Document Date

March 31, 2026

Contract Term

36 months; lease commencement April 1, 2026; annual payments due April 1, 2027, April 1, 2028, and April 1, 2029

Renewal Date

2029-04-01

Renewal Info

Lease #25867 has a fixed 36‑month term beginning April 1, 2026 with no automatic renewal; Park County may exercise a purchase option on any lease payment date by paying the scheduled balance payment. Non-appropriation of funds in any fiscal year allows termination without penalty upon surrender of equipment.

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