Dept/ Agency: Administration/Division of Central Purchasing Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Consent to Assignment of a Contract Purpose: To assign right of payment under the vendor contract to Capital One Public Funding, LLC. Entity Name: Capital One Public Funding, LLC Entity Address: 1680 Capital One Drive, McLean, Virginia 22102 Contract Amount: Not to exceed $2,684,613.15 Funding Source: 2023 Budget/Department of Public Works, Division of Sanitation/Bus. Unit: 011, Dept.: 060, Div./Project 0605, Account #71940, Budget Year: 2023 Contract Period: Not to exceed a seven (7) year term as specified in the Agreement Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a Additional Information: Original Resolution/Contract 7R1-d(S/AS) adopted on May 16, 2023 authorizing the lease/purchase agreement with Appolonia Incorporated d/b/a Air Brake and Equipment, seeks to assign its right to payment under the contract to Capital One Public Funding, LLC.