Township Considers Ambulance Financing With Leasing Firm
Town of SolonCity · MI- Disclosed value
- $50,000.00 down payment plus $350,000.00 financed over seven years at 5.89%
- From minutes
- Document date
- Jun 8, 2023
- Term
- Seven-year loan
The 30-second brief
Solon Township Fire Department is exploring a financing arrangement with the Tax Exempt Leasing Corporation to acquire a new ambulance, with a $50,000 down payment and $350,000 financed over seven years at 5.89%. Formal board approval is still pending.
Tax Exempt Leasing Corporation holds this financial services contract with Town of Solon. Its other public contracts on record include work for Town of Greenland and Exeter Ambulance District.
Term as filed: Seven-year loan.
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Contract details
- Contract type
- Financial Services
- Amount
- $50,000.00 down payment plus $350,000.00 financed over seven years at 5.89%
- Document date
- June 8, 2023
- Term
- Seven-year loan
- Agency
- Town of Solon
- Source document
- solon-township-board-meeting-minutes-june-8-2023_7bd.pdf (Minutes)
Tax Exempt Leasing Corporation's other public contracts
More Town of Solon contracts
Questions about this contract
Who was awarded the financial services contract by Town of Solon?
Tax Exempt Leasing Corporation was awarded this financial services contract by Town of Solon, as recorded on June 8, 2023. The contract value is $50,000.00 down payment plus $350,000.00 financed over seven years at 5.89%.
How much is the Tax Exempt Leasing Corporation contract with Town of Solon worth?
The Tax Exempt Leasing Corporation contract with Town of Solon is valued at $50,000.00 down payment plus $350,000.00 financed over seven years at 5.89%, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in solon-township-board-meeting-minutes-june-8-2023_7bd.pdf (Minutes), dated June 8, 2023 from Town of Solon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Tax Exempt Leasing Corporation hold?
Tax Exempt Leasing Corporation 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 Town of Solon currently buying?
Explore Town of Solon's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.