CONTRACTPENDING

City Seeks Revised Bucket Truck Loan Terms

Town of Marion logoTown of Marion
Disclosed value
$25,000 down; 5-year loan at 4.25% (4.26 APR) with $5,355.70 monthly payment
From agendapacket
Document date
May 18, 2026
Term
5-year loan

The 30-second brief

What it covers

City staff proposed revising the existing financing arrangement with Marion National Bank for a new Altec electric bucket truck to a 5-year loan at 4.25% interest with $5,355.70 monthly payments. The change would replace the earlier Council-approved 3-year loan structure.

Who holds it

Marion National Bank holds this financial services contract with Town of Marion. Its other public contracts on record include work for City of Marion and City of Altamont.

What happens next

Term as filed: 5-year loan.

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Contract details

Contract type
Financial Services
Amount
$25,000 down; 5-year loan at 4.25% (4.26 APR) with $5,355.70 monthly payment
Document date
May 18, 2026
Term
5-year loan
Source document
City of Marion City Council Meeting Agenda Packet May 2026 (AgendaPacket)

Marion National Bank's other public contracts

More Town of Marion contracts

Questions about this contract

Who was awarded the financial services contract by Town of Marion?

Marion National Bank was awarded this financial services contract by Town of Marion, as recorded on May 18, 2026. The contract value is $25,000 down; 5-year loan at 4.25% (4.26 APR) with $5,355.70 monthly payment.

How much is the Marion National Bank contract with Town of Marion worth?

The Marion National Bank contract with Town of Marion is valued at $25,000 down; 5-year loan at 4.25% (4.26 APR) with $5,355.70 monthly payment, 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 City of Marion City Council Meeting Agenda Packet May 2026 (AgendaPacket), dated May 18, 2026 from Town of Marion. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Marion National Bank hold?

Marion 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 Town of Marion currently buying?

Explore Town of Marion's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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