City of Morgan Awards Financial Services Contract to Regions Equipment Finance Corporation (February 2026)

Scope & details

The full contract record, as filed.

Contract amount

$2,350,000 (Bond R-1, part of $3,100,000)

Contract type

FINANCIAL_SERVICES

Contract term

Delivery Date March 5, 2026 – Maturity March 1, 2038

Renewal date

2038-03-01

Renewal

Optional prepayment on interest payment dates; maturity March 1, 2038; eligible for additional parity bonds under set financial covenants; no automatic renewal.

Document type

Minutes

Source document

City of Morgan City Council Meeting Minutes February 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Morgan?

Regions Equipment Finance Corporation was awarded this financial services contract by City of Morgan, as recorded on February 24, 2026. The contract value is $2,350,000 (Bond R-1, part of $3,100,000).

How much is the Regions Equipment Finance Corporation contract with City of Morgan worth?

The Regions Equipment Finance Corporation contract with City of Morgan is valued at $2,350,000 (Bond R-1, part of $3,100,000), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Morgan City Council Meeting Minutes February 2026 (Minutes), dated February 24, 2026 from City of Morgan. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Regions Equipment Finance Corporation hold?

Regions Equipment Finance Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Regions Equipment Finance Corporation's profile

What is City of Morgan currently buying?

Explore City of Morgan's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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