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FINANCIAL_SERVICESAWARDED

The Village City Council Regular Meeting Agenda March 2026

City Approves Fire Engine Lease-Purchase with Leasing 2, Inc.

$1,198,292.11 at a 4.82% interest rateCity of The VillageLEASING 2 INCMarch 9, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The Village City Council approved a seven-year, $1,198,292.11 lease-purchase agreement with Leasing 2, Inc., to finance a new Sutphen Heavy Duty Custom Fire Engine at 4.82% interest. The City Manager is authorized to execute the agreement pending legal review.

Contract Details

Contract Amount

$1,198,292.11 at a 4.82% interest rate

Vendor

LEASING 2 INC

Agency

City of The Village, OK

Contract Type

FINANCIAL_SERVICES

Document Date

March 9, 2026

Contract Term

seven (7) years

Renewal Date

2033-03-09

Renewal Info

Agreement is for a fixed seven-year term with no renewal terms mentioned.

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