FINANCIAL_SERVICESPENDING

Town plans lease financing with Androscoggin Bank

Old Orchard Beach plans to enter a lease purchase agreement with Androscoggin Bank to finance a 2027 F600 truck with a Switch-N-Go system for $165,769 at 5.01% interest over five annual payments, funded through the town’s debt service equipment replacement account.

Status
PENDING
Document date
August 4, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Androscoggin Bank
Agency
Town of Old Orchard Beach · ME

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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
$165,769.00 financed at 5.01% with 5 annual payments of $36,471.81
Contract type
FINANCIAL_SERVICES
Contract term
5 annual payments at 5.01% (tax exempt)
Document type
Agenda
Source document
Old Orchard Beach Town Council Meeting Agenda 2026-08-04

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Old Orchard Beach?

Androscoggin Bank was awarded this financial services contract by Town of Old Orchard Beach, as recorded on August 4, 2026. The contract value is $165,769.00 financed at 5.01% with 5 annual payments of $36,471.81.

How much is the Androscoggin Bank contract with Town of Old Orchard Beach worth?

The Androscoggin Bank contract with Town of Old Orchard Beach is valued at $165,769.00 financed at 5.01% with 5 annual payments of $36,471.81, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Old Orchard Beach Town Council Meeting Agenda 2026-08-04 (Agenda), dated August 4, 2026 from Town of Old Orchard Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Androscoggin Bank hold?

Androscoggin 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 Androscoggin Bank's profile

What is Town of Old Orchard Beach currently buying?

Explore Town of Old Orchard Beach's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Old Orchard Beach's profile

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