Lease Purchasepending

City to Acquire Armored Vehicle via Lease Purchase

The City Manager is seeking approval to execute a lease purchase agreement with Municipal Asset Management Inc. to purchase a Lenco armored security vehicle. The total cost of the seven year lease purchase will not exceed $421,234.45 with annual payments not to exceed $60,176.35.

Status
pending
Document date
September 16, 2025
Contract type
Lease Purchase
Vendor
Municipal Asset Management
Agency
City of The Colony · TX

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$421,234.45
Contract type
Lease Purchase
Contract term
7 years
Document type
Agenda
Source document
city-of-the-colony-city-council-agenda-september-16-2025_63a.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the lease purchase contract by City of The Colony?

Municipal Asset Management was awarded this lease purchase contract by City of The Colony, as recorded on September 16, 2025. The contract value is $421,234.45.

How much is the Municipal Asset Management contract with City of The Colony worth?

The Municipal Asset Management contract with City of The Colony is valued at $421,234.45, covering lease purchase work.

What type of contract is this?

This is a Lease Purchase contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-the-colony-city-council-agenda-september-16-2025_63a.pdf (Agenda), dated September 16, 2025 from City of The Colony. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Municipal Asset Management hold?

Municipal Asset Management 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 Municipal Asset Management's profile

What is City of The Colony currently buying?

Explore City of The Colony's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of The Colony's profile

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