town-of-clover-town-council-meeting-minutes-august-11-2025_688.pdf
Council Approves Lease Purchase with Cogent Bank
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Description
The Clover Town Council approved Resolution 25-25 authorizing a lease purchase financing agreement with Cogent Bank at 3.99% interest to fund $353,000.00 in FY25-26 equipment and police vehicle purchases, with a total expenditure of $389,427.50. The action establishes a new financing program for the town’s capital needs.
Contract Details
Contract Amount
$353,000.00 (total expenditure $389,427.50)
Vendor
COGENT BANK
Agency
Town of Clover, SC
Contract Type
FINANCIAL_SERVICES
Document Date
August 11, 2025
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