Town Backhoe Lease Ongoing With Midland Equipment Finance
Town of Deer IsleCity · ME- Disclosed value
- $23,216 outstanding at December 31, 2022; monthly payment $1,015 including interest; total remaining debt service approximately $24,369
- From report
- Document date
- Feb 16, 2023
The 30-second brief
Deer Isle continues to pay on a five-year capital lease with Midland Equipment Finance for a backhoe purchased in 2019, with $23,216 in principal outstanding at year-end 2022. The agreement carries a 4.70% interest rate and is scheduled to be fully repaid in 2024.
Midland Equipment Finance holds this equipment contract with Town of Deer Isle. Its other public contracts on record include work for Town of Ottawa and Town of South Ottawa.
Term as filed: Five-year capital lease entered December 2019; scheduled to mature in 2024.
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Contract details
- Contract type
- Equipment
- Amount
- $23,216 outstanding at December 31, 2022; monthly payment $1,015 including interest; total remaining debt service approximately $24,369
- Document date
- February 16, 2023
- Term
- Five-year capital lease entered December 2019; scheduled to mature in 2024
- Agency
- Town of Deer Isle
- Source document
- town-of-deer-isle-financial-statements-with-independent-auditor-s-report-dec-31-2022_5ec.md (Report)
Midland Equipment Finance's other public contracts
More Town of Deer Isle contracts
Questions about this contract
Who was awarded the equipment contract by Town of Deer Isle?
Midland Equipment Finance was awarded this equipment contract by Town of Deer Isle, as recorded on February 16, 2023. The contract value is $23,216 outstanding at December 31, 2022; monthly payment $1,015 including interest; total remaining debt service approximately $24,369.
How much is the Midland Equipment Finance contract with Town of Deer Isle worth?
The Midland Equipment Finance contract with Town of Deer Isle is valued at $23,216 outstanding at December 31, 2022; monthly payment $1,015 including interest; total remaining debt service approximately $24,369, covering equipment work.
What type of contract is this?
This is a Equipment contract, documented as a report record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in town-of-deer-isle-financial-statements-with-independent-auditor-s-report-dec-31-2022_5ec.md (Report), dated February 16, 2023 from Town of Deer Isle. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Midland Equipment Finance hold?
Midland Equipment Finance 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 Deer Isle currently buying?
Explore Town of Deer Isle's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.