Town of Selma Council Meeting Agenda March 2026
Town Approves Financing with KS Bank for Police Explorers
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Description
Town of Selma approved financing with KS Bank for the procurement of three 2025 Ford Explorers under a five-year installment contract, not to exceed $127,578 total.
Contract Details
Contract Amount
Not to exceed $127,578.00; 5.65% fixed interest for 5 years
Vendor
KS BANK
Agency
Town of Selma, NC
Contract Type
FINANCIAL_SERVICES
Document Date
March 5, 2026
Contract Term
5 years
Renewal Date
2031-03-05
Renewal Info
Five-year term, non-renewable; resolution sets intent for single vehicle acquisition project.
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