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Master Lease Agreement <br />December 18, 2001 <br />Page 2 <br />ALTERNATIVES <br />Finance each item individually as we purchase it, however, the interest rate will likely be much <br />higher. <br />FINANCIAL IMPACT <br />The funds are available in the two-year budget for FY 2001-2002/FY 2002-2003 in the various <br />departments principal and interest accounts. <br />ENVIRONMENTAL IMPACT <br />None <br />RECOMMENDATION <br />Staff recommends City Council adopt the attached Resolution to enter into a master lease <br />agreement for certain equipment and improvements as shown on Exhibit A and approve the <br />attached lease agreements with Municipal Finance Corporation in the Amount of $1,150,496. <br />REVIEW TEAM <br />Attorney: <br />Manager: <br />Finance Director: <br />OTHER: <br />