City of Chipley Council Meeting Agenda May 2026
City Approves Capital City Bank Truck Financing Loan
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Description
The City of Chipley authorized a $36,700 loan from Capital City Bank to purchase a new 2026 Ford F-150 Regular Cab Truck for the Gas Department. The bank will finance the vehicle at 4.15% interest over five annual payments with no closing costs.
Contract Details
Contract Amount
$36,700.00
Vendor
CAPITAL CITY BANK
Agency
City of Chipley, FL
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Contract Term
Five (5) annual payments starting June 30, 2026
Renewal Date
2031-06-30
Renewal Info
Five-year amortizing loan; City covenants to budget and appropriate annual payments until maturity.
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