Recommendation to authorize City Manager to execute an equipment lease-purchase agreement and related financing documents with Banc of America Public Capital Corporation (BAPCC), a Kansas Corporation, for the financing of the Advanced Metering Infrastructure (AMI) project, in an amount not to exceed $18,500,000, plus interest and fees, payable over a 15-year period.  (Citywide)
Report from financial management in Long Beach. Gas and Oil. Recommendation to execute and equipment lease purchase agreement with Bank of America Public Capital Corporation for the financing of the Advanced Metering Infrastructure Project in an amount not to exceed 18,500,000 citywide. Submission. Second is a staff report. Chris Garner and Dave Nakamoto. Good evening. A year ago, the city council approved our going forward with a smart meter program for the gas utility. And so what's before you tonight is the financing mechanism for that effort. With this financing, it'll be the question is how will it be paid for? And it will be. Paid for. Using the annual cost savings that we will achieve by eliminating our manual. Manual gas meter. Reading. Contract. Thank you. Is there any public comment on the item? CNN members cast your vote. Motion carries nine zero. Hey. Item 25 Report from Health and Human Services. Recommendation to execute all necessary documents with the State of California Department of Public Health in the amount of $19,337,101 for Women, Infants and Children Nutrition Supplement Program Citywide.