Wake Electric to finance Butner ladder truck purchase
Town of ButnerCity · Butner, NC- Disclosed value
- $800,000 interest free loan; Town to provide $537,469 down payment (20%)
- From agenda
- Document date
- Apr 2, 2026
The 30-second brief
Wake Electric has agreed to provide the Town of Butner an $800,000 interest‑free loan to finance a new ladder truck, with the Town planning a $537,469 down payment. This financing approach will help acquire critical fire apparatus while managing debt costs.
Wake Electric holds this financial services contract with Town of Butner. Its other public contracts on record include work for Butner Public Safety.
See who signed off on this contract.
See who signed offFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Amount
- $800,000 interest free loan; Town to provide $537,469 down payment (20%)
- Document date
- April 2, 2026
- Vendor
- Wake Electric
- Agency
- Town of Butner
- Source document
- Butner Town Council Meeting Agenda April 2026 (Agenda)
Wake Electric's other public contracts
More Town of Butner contracts
Questions about this contract
Who was awarded the financial services contract by Town of Butner?
Wake Electric was awarded this financial services contract by Town of Butner, as recorded on April 2, 2026. The contract value is $800,000 interest free loan; Town to provide $537,469 down payment (20%).
How much is the Wake Electric contract with Town of Butner worth?
The Wake Electric contract with Town of Butner is valued at $800,000 interest free loan; Town to provide $537,469 down payment (20%), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Butner Town Council Meeting Agenda April 2026 (Agenda), dated April 2, 2026 from Town of Butner. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does Wake Electric hold?
Wake Electric 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 Butner currently buying?
Explore Town of Butner's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.