FINANCIAL_SERVICESAPPROVED

Housing Authority of the city of Warsaw Awards Financial Services Contract to People's State Bank (June 2026)

The Board approved a five-year equipment lease purchase financing agreement with The People's State Bank for $1,624,842.00 at 4.15% interest to fund six snowplow trucks. Annual payments of $372,792.46 will begin in 2027 under the Hoosier Equipment Lease Purchase Program.

Status
APPROVED
Document date
June 5, 2026
Contract type
FINANCIAL_SERVICES
Vendor
People's State Bank
Agency
Housing Authority of the city of Warsaw · IN

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Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$1,624,842.00 with 4.15% interest over five years; annual payment $372,792.46
Contract type
FINANCIAL_SERVICES
Contract term
Five years, payments beginning in 2027
Renewal date
2032-12-31
Renewal
Five-year lease purchase term; renewal or refinancing not specified.
Document type
Minutes
Source document
City of Warsaw Board of Public Works & Safety Minutes 2026-06-05

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Housing Authority of the city of Warsaw?

People's State Bank was awarded this financial services contract by Housing Authority of the city of Warsaw, as recorded on June 5, 2026. The contract value is $1,624,842.00 with 4.15% interest over five years; annual payment $372,792.46.

How much is the People's State Bank contract with Housing Authority of the city of Warsaw worth?

The People's State Bank contract with Housing Authority of the city of Warsaw is valued at $1,624,842.00 with 4.15% interest over five years; annual payment $372,792.46, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Warsaw Board of Public Works & Safety Minutes 2026-06-05 (Minutes), dated June 5, 2026 from Housing Authority of the city of Warsaw. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does People's State Bank hold?

People's State Bank 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 People's State Bank's profile

What is Housing Authority of the city of Warsaw currently buying?

Explore Housing Authority of the city of Warsaw's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Housing Authority of the city of Warsaw's profile

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