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Financing Approved for New Police Vehicle Purchase

Town of Somerset
Disclosed value
$15,511.13
From agenda
Document date
Nov 9, 2021
Term
4 years

The 30-second brief

What it covers

Resolution R21-014 authorizes a financing agreement with Government Capital Corporation. The financing covers the purchase of a new 2022 Chevy Tahoe for the Somerville Police Department. The term is four annual payments of $15,511.13, with a 3.30% interest rate.

Who holds it

Government Capital Corporation holds this lease purchase contract with Town of Somerset. Its other public contracts on record include work for City of Bridgeport and City of Mercedes.

What happens next

Term as filed: 4 years.

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Contract details

Contract type
Lease Purchase
Amount
$15,511.13
Document date
November 9, 2021
Term
4 years
Vendor
Government Capital Corporation
Agency
Town of Somerset
Source document
city-of-somerset-agenda-2021-11-09_81e.pdf (Agenda)

Government Capital Corporation's other public contracts

City of Bridgeport, TexasBridgeport Considers Government Capital Equipment Financing · Oct 25, 2026City of Mercedes, TexasMercedes Recommends Government Capital Sports Lighting Financing · Oct 14, 2026UndisclosedCity of West Columbia, TexasWest Columbia Considers Government Capital Financing Contract · Oct 12, 2026UndisclosedCity of Rensselaer, New YorkRensselaer Plans Water Meter Financing With Government Capital · Oct 7, 2026City of Brady, TexasBrady Considers Five-Year Trash Truck Financing Contract · Oct 4, 2026All Government Capital Corporation contractsVendor profile

More Town of Somerset contracts

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Questions about this contract

Who was awarded the lease purchase contract by Town of Somerset?

Government Capital Corporation was awarded this lease purchase contract by Town of Somerset, as recorded on November 9, 2021. The contract value is $15,511.13.

How much is the Government Capital Corporation contract with Town of Somerset worth?

The Government Capital Corporation contract with Town of Somerset is valued at $15,511.13, covering lease purchase work.

What type of contract is this?

This is a Lease Purchase contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-somerset-agenda-2021-11-09_81e.pdf (Agenda), dated November 9, 2021 from Town of Somerset. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Government Capital Corporation hold?

Government Capital Corporation 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 Somerset currently buying?

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

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