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AGENDA ITEM #6.3 <br /> REPORT TO <br /> CITY COUNCIL <br /> Date: October 4, 2005 <br /> Subject: Leasing Squad Cars <br /> Report: Chief Braam is proposing to lease three squad cars in <br /> 2006. <br /> There is money budgeted in the 2006 budget for the purchase of <br /> one squad car and equipment. This money would be used for the <br /> `- lease program which would allow the City to lease three equipped <br /> squad cars. The lease is set up to pay for the squads in a 4-year <br /> period. The cost is $1,829.49 per month. There is no mileage <br /> penalty for leasing the cars. When the lease is completed, the City <br /> buys the car for $1.00. <br /> Chief Braam will give a verbal report to the Council. <br /> Council Action Requested: If the Council votes to move forward <br /> with the leases, the Council should note that this is a 2006 <br /> budgeted item, and the 2006 budget has not yet been approved.. <br />