FINANCIAL_SERVICESRECOMMENDED

Lease purchase financing for patrol vehicles proposed

The Finance Committee has recommended that Rock Falls enter into a three-year lease purchase with Tax Exempt Leasing Corp to finance two 2026 Chevy Tahoe PPV patrol vehicles, with first payment of $56,313.40 due in FY 2028. Council approval would secure tax-exempt financing for the fleet acquisition.

Status
RECOMMENDED
Document date
July 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Tax Exempt Leasing Corp
Agency
City of Rock Falls · IL

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$56,313.40 annually (first payment), three-year lease purchase
Contract type
FINANCIAL_SERVICES
Contract term
Three-year lease purchase, first payment due FY 2028
Document type
Agenda
Source document
City of Rock Falls City Council Agenda 2026-07-07

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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 Rock Falls?

Tax Exempt Leasing Corp was awarded this financial services contract by City of Rock Falls, as recorded on July 6, 2026. The contract value is $56,313.40 annually (first payment), three-year lease purchase.

How much is the Tax Exempt Leasing Corp contract with City of Rock Falls worth?

The Tax Exempt Leasing Corp contract with City of Rock Falls is valued at $56,313.40 annually (first payment), three-year lease purchase, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Rock Falls City Council Agenda 2026-07-07 (Agenda), dated July 6, 2026 from City of Rock Falls. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Tax Exempt Leasing Corp hold?

Tax Exempt Leasing Corp 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 Tax Exempt Leasing Corp's profile

What is City of Rock Falls currently buying?

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

View City of Rock Falls's profile

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