Clarendon Arkansas Call Council Meeting Minutes 2026-05-26
Council Authorizes Police Vehicle Financing with Arvest
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Description
Arvest Equipment Finance was approved by the Clarendon City Council to provide four-year lease-purchase financing for police vehicles at an interest rate of 4.520%. Principal of $218,528 includes financing fee.
Contract Details
Contract Amount
$218,528.00 principal, $61,036.68/year for 4 years, $550.00 financing fee at execution
Vendor
ARVEST EQUIPMENT FINANCE
Agency
Clarendon Housing Authority, AR
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Contract Term
4 years
Renewal Date
2030-05-26
Renewal Info
Lease purchase contract designated as qualified tax-exempt obligation. No auto-renewal or renewal clause specified.
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