Franklin County Awards Financial Services Contract to Summit National Bank (June 2023)
Franklin CountyCounty · Pasco, WA- Disclosed value
- $348,679.94 financed; initial payment $45,965.93 (includes tax and $400 document fee); four annual payments of $41,918.98 plus tax ($45,565.93 total with tax) and final purchase option of $225,000.00 in 2028
- From agendapacket
- Approved
- Jun 1, 2023
- Renews
- Free account
The 30-second brief
Franklin County Board of Commissioners approved a 5-year governmental equipment lease-purchase agreement with Summit National Bank to finance a 2023 Caterpillar 150 Motor Grader for Public Works. The $348,679.94 lease includes an initial payment of $45,965.93, four annual payments, and a $225,000 purchase option in 2028, funded from the Motor Vehicle (ER&R) Fund 500.
Summit National Bank holds this financial services contract with Franklin County. Its other public contracts on record include work for City of Liberty Lake and Butte County.
The renewal date is on record. A free account shows it, with the renewals for every Franklin County contract.
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Contract details
- Contract type
- Financial Services
- Amount
- $348,679.94 financed; initial payment $45,965.93 (includes tax and $400 document fee); four annual payments of $41,918.98 plus tax ($45,565.93 total with tax) and final purchase option of $225,000.00 in 2028
- Document date
- June 1, 2023
- Term
- June 1, 2023 to June 1, 2028 (5-year governmental equipment lease-purchase)
- Renews
- Free account
- Vendor
- Summit National Bank
- Agency
- Franklin County
- Source document
- Franklin County Board of Commissioners Agenda Packet June 2023 (AgendaPacket)
Summit National Bank's other public contracts
More Franklin County contracts
Questions about this contract
Who was awarded the financial services contract by Franklin County?
Summit National Bank was awarded this financial services contract by Franklin County, as recorded on June 1, 2023. The contract value is $348,679.94 financed; initial payment $45,965.93 (includes tax and $400 document fee); four annual payments of $41,918.98 plus tax ($45,565.93 total with tax) and final purchase option of $225,000.00 in 2028.
How much is the Summit National Bank contract with Franklin County worth?
The Summit National Bank contract with Franklin County is valued at $348,679.94 financed; initial payment $45,965.93 (includes tax and $400 document fee); four annual payments of $41,918.98 plus tax ($45,565.93 total with tax) and final purchase option of $225,000.00 in 2028, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Franklin County Board of Commissioners Agenda Packet June 2023 (AgendaPacket), dated June 1, 2023 from Franklin County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Summit National Bank hold?
Summit National Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Franklin County currently buying?
Explore Franklin County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.