Requesting approval to enter into 32 lease agreements for a term of 60 months each with awarded vendor, Enterprise Fleet Management, through HC's membership with TIPS, contract# 2072816, REQ# 00394240, for an estimated total of $120,767.01 for the remaining seven (7) months of FY19, subject to legal approval.

All leases will be under documentation that was previously approved on 09/26/2017, ai-61700:

• Master Equity Lease Agreement
• Amendment Lease Agreement
• Self-Insurance Addendum to Master Equity Lease Agreement
• Maintenance Agreement

This is second phase/round of leases will be split into two parts.  This first part will be for 10 different County departments and funding will be from each department's budget.  Departments included in this wave are: Comm., PCT 1, Comm., PCT 3, Comm., PCT 4, Executive Office, Worker's Comp., Fire Marshal, Facilities Management, Health, Planning, and Tax Assessor-Collector.  For more details see the attached breakdown as provided by DBM.

Final price will be based on delivery date due to to interest rate being calculated based on the opening rate of a 3 year treasury bill on the first of the current month, plus 350 basis points.

History:
First wave of 58 vehicles approved on 02/20/2018, ai-63620.