city of tacoma
File #: RES38962    Version: 1 Name: Tacoma Rail/Progress Rail Lease Agreement
Type: Resolution Status: Adopted
File created: 7/1/2014 In control: City Council
On agenda: 7/22/2014 Final action: 7/22/2014
Title: A resolution authorizing the execution of a lease agreement with Progress Rail Leasing Corporation for two electro-motive diesel locomotives, for a five-year term with the option to purchase, for a cumulative total of lease payments and end of term purchase of $6,985,000, budgeted from the Tacoma Rail Fund. [Alan Matheson, Chief Mechanical Officer; Dale King, Rail Superintendent]
Attachments: 1. Resolution No. 38962, 2. City Council Action Memorandum, 3. Memorandum from Tacoma Public Utilities, 4. Agreement
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Title
A resolution authorizing the execution of a lease agreement with
Progress Rail Leasing Corporation for two electro-motive diesel locomotives,
for a five-year term with the option to purchase, for a cumulative total of lease payments and end of term purchase of $6,985,000, budgeted from the
Tacoma Rail Fund.  
[Alan Matheson, Chief Mechanical Officer; Dale King,
Rail Superintendent]