City of Wellington Council Meeting Minutes April 21, 2026
RCB Bank Selected for Tractor Lease Financing
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Description
The City of Wellington approved Resolution 6445 to enter into a five-year lease-purchase financing agreement with RCB Bank for the new 4WD tractor, with monthly payments of $1,617.78 at a 5.16% interest rate. RCB Bank was selected following a competitive proposal process among local banks.
Contract Details
Contract Amount
Five-year lease at 5.16% interest; monthly payment of $1,617.78
Vendor
RCB BANK
Agency
City of Wellington, KS
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Contract Term
Five-year lease, monthly payments of $1,617.78 at 5.16% interest
Renewal Info
Five-year lease-purchase agreement; no explicit renewal or extension options described in the minutes.
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