lease computer equipment

The Toronto Computer Leasing Inquiry is a judicial inquiry into allegations of conflict of interest, bribery and misappropriation of funds around computer leasing contracts entered into by Toronto, Ontario's municipal government in 1998 and 1999.

Background

On January 1, 1998, the city of Toronto and its five suburban cities (Scarborough, North York, Etobicoke, East York and York) were amalgamated into the single "megacity" of Toronto. In one of the new city's first official acts of business, computer equipment was leased for city councillors' offices from MFP Financial Services, at a value of $1,093,731. City staff have not been able to produce any documentation to prove that this contract was awarded through proper procedures.

In May, 1999, the city issued a Request For Quotations for its new computer acquisition needs. Shop for Bargain Deals in Computers, Electronics, Software, Office Products, and More. MFP was one of the bidders, and was awarded the contract in July of that year. MFP was contracted to provide $43 million of computer equipment to the city on a three-year lease agreement. However, the final lease agreement was not signed until after the 90-day price guarantee had expired.

That fall, the city sold its owned computer equipment to MFP, and then leased it back as well.

Over the duration of the agreement, the city paid $85 million to MFP, rather than the original $43 million approved by city council. Your source for leased computer equipment, refurbished computer equipment, used computer equipment and leased computers.