Item 55
approved reportFeb 11, 2015
Authorize the Office of the State Treasurer, acting on behalf of the Department of Administrative Services to enter into an Equipment Lease/Purchase Agreement with Banc of America Public Capital Corp, in an amount not to exceed $12,691,282 and to enter into an Escrow and Account Control Agreement as of February 11, 2015 by and among the State, Banc of America Public Capital Corp and Bank of America, National Association, as escrow agent. Effective upon G&C approval. (2)Further authorize the Department of Administrative Services to encumber funds for repayment to Banc of America Public Capital Corp for the payment of construction financing of a contract with Consolidated Edison Solutions Inc., to install energy and fossil fuel energy conservation measures at four state owned buildings located on Hazen Drive in Concord, as detailed in letter dated January 30, 2015.