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53. MASTER LEASE AGREEMENT WITH DELL FINANCIAL SERVICES Approve the Master Lease Agreement (MLA) between Maricopa County and Dell Financial Services L.L.C. for the lease of computers and related equipment in substantially the form attached, subject to final review and approval by the County Attorney’s Office of the final form of the agreement. The MLA provides for individual sub-leases for specific line items with the signature of the Chairman of the Board of Supervisors. The MLA allows the County to spread the cost over the individual lease periods, which is up to four years. The anticipated total expenditures over the life of the MLA are estimated to be $20,570,400.00. This Agreement is effective from 01/21/15 until 01/31/20. Funding has been budgeted in the General and Detention funds. Special Revenue funds will budget for their portion accordingly. (C-73-15-022-3-00)

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Vote — approved

Steve Gallardo	yes
Bill Gates	yes
Clint Hickman	yes
Denny Barney	yes
Steve Chucri	yes

-10.APPROPRIATED BUDGET ADJUSTMENT FOR FY 2017 VOTER REGISTRATION MAINTENANCE PAYMENTPursuant to A.R.S. §42-17106(B), approve the transfer of operating expenditure authority between Elections Department (D210) General Fund (100) and Non Departmental (D470) General Fund (100). This action will require the following budget adjustments:a) Approve a decrease in the expenditure authority in FY 2017 Elections Department (D210) General Fund (100) Operating (OPER) in the amount of $370,828.b) Approve an

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10. LEASE AGREEMENT WITH DELL FOR RECORDER'S OFFICE Approve and authorize the Recorder’s Office to enter into a capital lease with Dell (Dell Master Lease Agreement C-73-15-022-3-00) for the purchase of Dell computer equipment in an amount not to exceed $1.5 million. The capital lease will be for four (4) years with an interest rate of approximately 1.9%. The capital lease is anticipated to be executed in June 2017 upon delivery and acceptance of the computer equipment. The first lease payment will occur in 30 days (anticipated June 2017) from the executed capital lease agreement. Estimated payments are $402,488 annually. In accordance with A.R.S. 42-17106(B), approve the transfer of Non Recurring expenditure appropriation between the FY 2017 Non Departmental (D470) Non Departmental Grants Fund (249) and the Recorder's Office (D360) Surcharge Fund (236) department budgets. This action will require the following adjustments: a) Decrease the expenditure appropriation in the Non Departmental (D470) Non Departmental Grants Fund (249) Non Recurring/Non Project (NRNP) in the line “Unreserved Contingency” (4711) in the amount of $1,865,387 ($1,462,899 for purchase and $402,488 for Debt Service Payment.) b) Increase the expenditure appropriation in the Recorder’s Office (D360) Surcharge Fund (236) Non Recurring Non Project (NRNP) by $1,865,387 ($1,462,899 for purchase and $402,488 for Debt Service Payment.) c) Increase the revenue appropriation in the Recorder’s Office (D360) Surcharge Fund (236) Non Recurring Non Project (NRNP) by $1,462,899 for the proceeds from Financing. These actions will have a County-wide net expenditure impact of zero and they do not alter the budget constraining the expenditure of local revenues duly adopted by the Board pursuant to A.R.S. §42-17105. The FY 2017 Recorder’s Surcharge fund budget did not include expenditure authority for this technology purchase nor the debt service payment. Funding exists in the Recorder’s Surcharge Fund (236) to pay this additional expense. (C-36-17-002-1-00)

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