OTHERDISCUSSED

Monson Advances Debt Exclusion on Siemens Lease

The Monson Select Board discussed ongoing lease agreements with Siemens Public, Inc. tied to a $5 million energy-efficiency infrastructure project and approximately $300,000 in annual interest costs. The Board voted to place a June 9, 2026 debt exclusion ballot question before voters to potentially move these lease payments outside the operating budget.

Document date · April 28, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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TerraCycle logo
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Scope & details

The full contract record, as filed.

Contract amount
$5,000,000 (original debt); approximately $300,000 annual interest; increases about $7,000 per year over remaining 15 years
Contract type
OTHER
Contract term
Approximately 15 years remaining on original lease financing
Renewal
Existing long-term lease financing with approximately 15 years remaining; no new renewal, amendment, or extension was approved in this meeting, only a change in how payments may be funded via debt exclusion if voters approve.
Document type
Minutes
Source document
Town of Monson Select Board Meeting Minutes April 28, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Town of Monson?

Siemens Public Inc was awarded this government contract by Town of Monson, as recorded on April 28, 2026. The contract value is $5,000,000 (original debt); approximately $300,000 annual interest; increases about $7,000 per year over remaining 15 years.

How much is the Siemens Public Inc contract with Town of Monson worth?

The Siemens Public Inc contract with Town of Monson is valued at $5,000,000 (original debt); approximately $300,000 annual interest; increases about $7,000 per year over remaining 15 years.

What type of contract is this?

This is a government contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Town of Monson Select Board Meeting Minutes April 28, 2026 (Minutes), dated April 28, 2026 from Town of Monson. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Siemens Public Inc hold?

Siemens Public Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Siemens Public Inc's profile

What is Town of Monson currently buying?

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

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