City of Rockport AgendaPacket Regular Meeting 2026-05-26
Lease Purchase Financing of Street Sweeper Moves Forward
Trusted by teams at
Description
The City is moving forward with a financing proposal from Government Capital Corporation for a lease purchase of a street sweeper. The agreement totals $381,985 with annual payments over 9 years, aiming to improve the city's street maintenance operations.
Contract Details
Contract Amount
$381,985.00; annual payments of $54,207.49 for 9 years at 4.915% interest
Vendor
GOVERNMENT CAPITAL CORPORATION
Agency
City of Rockport, AR
Contract Type
EQUIPMENT
Document Date
May 26, 2026
Contract Term
9 annual payments; begins one year after signing
Renewal Date
2036-05-26
Renewal Info
Lease-purchase; renewal/refinance options not stated. Fixed term of 9 years from first payment.
More from GOVERNMENT CAPITAL CORPORATION
Related Contracts
City of Rockport AgendaPacket Regular Meeting 2026-06-23
APPROVEDCity of Groveton Agenda Regular Meeting of City Council 2026-06-22
PENDINGCity of Denison Agenda Packet 2026-06-15
APPROVEDCity of Corinth AgendaPacket 2026-06-04
APPROVEDCity of Corinth Agenda City Council Workshop and Regular Session 2026-06-04
APPROVEDMore from City of Rockport
City of Rockport City Council Regular Meeting Agenda 2026-06-23
City of Rockport City Council Regular Meeting Agenda 2026-06-23
City of Rockport AgendaPacket Regular Meeting 2026-05-26
City of Rockport AgendaPacket Regular Meeting 2026-05-26
City of Rockport AgendaPacket Regular Meeting 2026-05-26
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.