Cogent Bank to finance city vehicle fleet purchases
City of KingmanCity · Kingman, AZ- Disclosed value
- Lease-purchase financing for thirty (30) automobiles at 3.79% over 5 years (five annual payments of $360,326.44) and two (2) solid waste heavy trucks at 3.88% over 10 years (ten annual payments of $113,138.46)
- From staffreport
- Document date
- Mar 3, 2026
The 30-second brief
City of Kingman staff recommends approval of Resolution No. 5599 to enter into lease-purchase and escrow agreements with Cogent Bank for financing thirty automobiles and two solid waste trucks. The agreements provide 5-year and 10-year financing at 3.79% and 3.88% interest, respectively.
Cogent Bank holds this financial services contract with City of Kingman. Its other public contracts on record include work for South Hunterdon Regional School District and Tompkins-Seneca-Tioga Boces.
Term as filed: 5-year lease for automobiles; 10-year lease for solid waste trucks.
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Contract details
- Contract type
- Financial Services
- Amount
- Lease-purchase financing for thirty (30) automobiles at 3.79% over 5 years (five annual payments of $360,326.44) and two (2) solid waste heavy trucks at 3.88% over 10 years (ten annual payments of $113,138.46)
- Document date
- March 3, 2026
- Term
- 5-year lease for automobiles; 10-year lease for solid waste trucks
- Vendor
- Cogent Bank
- Agency
- City of Kingman
- Source document
- City of Kingman Staff Report Approval of Resolution No. 5599 2026-03-03 (StaffReport)
Cogent Bank's other public contracts
More City of Kingman contracts
Questions about this contract
Who was awarded the financial services contract by City of Kingman?
Cogent Bank was awarded this financial services contract by City of Kingman, as recorded on March 3, 2026. The contract value is Lease-purchase financing for thirty (30) automobiles at 3.79% over 5 years (five annual payments of $360,326.44) and two (2) solid waste heavy trucks at 3.88% over 10 years (ten annual payments of $113,138.46).
How much is the Cogent Bank contract with City of Kingman worth?
The Cogent Bank contract with City of Kingman is valued at Lease-purchase financing for thirty (30) automobiles at 3.79% over 5 years (five annual payments of $360,326.44) and two (2) solid waste heavy trucks at 3.88% over 10 years (ten annual payments of $113,138.46), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a staffreport record.
Where was this contract approved?
This contract appears in City of Kingman Staff Report Approval of Resolution No. 5599 2026-03-03 (StaffReport), dated March 3, 2026 from City of Kingman. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Cogent Bank hold?
Cogent Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Kingman currently buying?
Explore City of Kingman's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.