Hudson City Schools Awards Financial Services Contract to Webster Bank National Association (March 2023)
Hudson City SchoolsSchool · Hudson, OH- Disclosed value
- Aggregate principal components of rental payments not to exceed $5,300,000; interest rate not to exceed 4.75%
- From agenda
- Approved
- Mar 13, 2023
The 30-second brief
The Hudson City School District Board of Education authorized an equipment lease purchase agreement with Webster Bank, National Association, to finance HVAC equipment for district facilities with principal payments capped at $5.3 million and interest not to exceed 4.75%. The lease will be structured with annual renewal terms and a final term ending within 11 years of commencement.
Webster Bank National Association holds this financial services contract with Hudson City Schools. Its other public contracts on record include work for Wayne Local Schools and Patchogue-Medford Union Free School District.
Term as filed: Lease consists of fiscal-year terms, renewable annually at the Board’s option; final renewal term to end not later than 11 years from lease commencement.
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Contract details
- Contract type
- Financial Services
- Amount
- Aggregate principal components of rental payments not to exceed $5,300,000; interest rate not to exceed 4.75%
- Document date
- March 13, 2023
- Term
- Lease consists of fiscal-year terms, renewable annually at the Board’s option; final renewal term to end not later than 11 years from lease commencement
- Agency
- Hudson City Schools
- Source document
- hudson-school-district-agenda-hvac-project-lease-agreement-mar-13-2023_308.md (Agenda)
Webster Bank National Association's other public contracts
More Hudson City Schools contracts
Questions about this contract
Who was awarded the financial services contract by Hudson City Schools?
Webster Bank National Association was awarded this financial services contract by Hudson City Schools, as recorded on March 13, 2023. The contract value is Aggregate principal components of rental payments not to exceed $5,300,000; interest rate not to exceed 4.75%.
How much is the Webster Bank National Association contract with Hudson City Schools worth?
The Webster Bank National Association contract with Hudson City Schools is valued at Aggregate principal components of rental payments not to exceed $5,300,000; interest rate not to exceed 4.75%, 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 hudson-school-district-agenda-hvac-project-lease-agreement-mar-13-2023_308.md (Agenda), dated March 13, 2023 from Hudson City Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Webster Bank National Association hold?
Webster Bank National Association 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 Hudson City Schools currently buying?
Explore Hudson City Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.