village_board_of_trustees_meeting_minutes_october.pdf
Scott State Bank chosen for truck lease financing
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Description
The Village selected Scott State Bank to finance the municipal lease purchase of a 2026 Ford F550 4x4 truck at a 3.50% interest rate over four years. Annual payments of $37,784.37 will begin on January 1, 2027.
Contract Details
Vendor
SCOTT STATE BANK
Agency
Mount Zion village, IL
Contract Type
FINANCIAL_SERVICES
Document Date
October 20, 2025
Contract Term
Four-year municipal lease beginning January 1, 2027
Renewal Date
2030-01-01
Renewal Info
Four-year fixed municipal lease at 3.50% interest; no renewal or extension options mentioned.
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