Vote — approved

Bill Gates	yes
Clint Hickman	yes
Jack Sellers	yes
Thomas Galvin	yes
Steve Gallardo	abstain

$43.25 $73.20 $89,960 $152,256Survey Aide $16.00 $23.50 $33,280 $48,880Survey Manager $38.80 $57.10 $80,704 $118,768Survey Party Chief $25.20 $37.50 $52,416 $78,000Survey Supervisor $34.65 $49.60 $72,072 $103,168Survey Technician $21.25 $31.20 $44,200 $64,896Surveyor - Land $31.95 $46.15 $66,456 $95,992Systems Administration and Analysis Supervisor $41.35 $62.20 $86,008 $129,376Systems Administrator $26.60 $48.60 $55,328 $101,088Systems Administrator Senior/Lead $37.55 $54.40 $78,104 $113,152Tel

Item Text

43. CAPITAL LEASE DOCUMENTS FOR FINANCING OF COUNTY EQUIPMENT AND THE DECLARATION OF OFFICIAL INTENT Authorize the Chairman to approve and execute all capital lease documents (to be periodically submitted for Board signature by the Office of Budget and Finance), including the “Declaration of Official Intent,” in an amount not to exceed $32,784,397 (principal), as required for reimbursement of expenditures related to the acquisition of County equipment such as vehicles, radios, co mputers, and other equipment. Authorize appropriate departmental representatives to co-sign lease documents pertaining to their respective departments. All capital lease documents are subject to County Attorney approval. The Office of Budget and Finance w ill facilitate the reimbursement from capital leases during fiscal year 2023. Expenditures associated with equipment purchases will be bundled for capital lease financing at which time the interest rate(s) will be bid and repayment terms and amounts for pr incipal and interest will be known. Capital lease(s) maturity will be thirteen months. Capital lease financing will be facilitated by the County’s master personal property lease contract as approved by the Board of Supervisors on December 1, 2020. There is a need for the County to enter capital leases for equipment purchases. Purchased equipment will be financed by the master personal property lease contract for County capital purchases. The Declaration of Official Intent will satisfy the 60-day reimbursement period for reimbursement of original expenditures, as required by Treasury Regulation §1.150-2(d)(1) (1993). Capital outlay expenditures from capital lease proceeds and the corresponding debt service payments for principal and interest are no t subject to the County Expenditure Limitation Report (ELR). Capital leases will extend the debt service payments into the subsequent fiscal year (FY 2023-24). The benefit to the County for entering into capital leases is that both the capital outlay expen ditures from the lease proceeds and the debt payments are exempt from the ELR. (C-18-22-195-X-00)

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