town-of-kewanee-city-council-meeting-agenda-august-25-2025_189.pdf
City Details Loan For Dodge Durango Fleet
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Description
Kewanee previously financed four Dodge Durango vehicles under a loan totaling $183,653.80 in principal and $7,311.71 in interest from June 1, 2022 to May 1, 2026 at 1.95% APR. The city may use similar financing structures for future patrol fleet replacements.
Contract Details
Vendor
ALEXIS/LEGACY
Agency
Town of Kewanee, IL
Contract Type
FINANCIAL_SERVICES
Document Date
August 25, 2025
Contract Term
Loan term June 1, 2022 – May 1, 2026 for related Dodge Durango financing reference
Renewal Date
2026-05-01
Renewal Info
Loan agreement runs through May 1, 2026; no automatic renewal indicated.
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