City of Charleston Committee on Ways and Means Agenda March 10 2026
TD Bank N.A. Approved as Escrow Agent for Equipment Lease
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Description
TD Bank, N.A. was designated escrow agent for the City of Charleston’s equipment lease-purchase transaction, responsible for safekeeping and disbursing $2.3 million.
Contract Details
Contract Amount
Escrow of $2,300,000.00 (funds managed for equipment purchase)
Vendor
TD BANK N.A.
Agency
City of Charleston city, SC
Contract Type
FINANCIAL_SERVICES
Document Date
March 7, 2026
Contract Term
April 2, 2026 – April 2, 2028 (escrow period)
Renewal Date
2028-04-02
Renewal Info
Escrow ends April 2, 2028, unless extended by amendment or contract negotiation.
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