FINANCIAL_SERVICESPENDING

Wake Electric to finance Butner ladder truck purchase

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.

Document date · April 2, 2026

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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

Scope & details

The full contract record, as filed.

Contract amount
$800,000 interest free loan; Town to provide $537,469 down payment (20%)
Contract type
FINANCIAL_SERVICES
Document type
Agenda
Source document
Butner Town Council Meeting Agenda April 2026

Frequently asked questions

Common questions about this contract, answered from the record.

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.

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.

View Wake Electric's 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.

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