City of Evansville Agreement Master Tax-Exempt Lease/Purchase Agreement 2026-06-09
Evansville Approves Lease-Purchase for Police Vehicles
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Description
The City of Evansville Common Council approved a resolution authorizing negotiation and execution of a lease-purchase agreement with U.S. Bancorp Governments Leasing and Finance, Inc. for up to fifteen 2026 Police Pursuit SUVs, not to exceed $1,360,000. The purpose is to secure funding for new police vehicles through tax-exempt municipal leasing.
Contract Details
Contract Amount
Not to exceed $1,360,000.00
Vendor
US BANCORP GOVERNMENTS LEASING AND FINANCE INC
Agency
City of Evansville, IN
Contract Type
EQUIPMENT
Document Date
June 9, 2026
Renewal Info
Agreement obligations are subject to annual appropriation or renewal by the Common Council. Not a general obligation debt; annual review required.
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