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City of Rockport Awards $2,352,643 Lease/Purchase Agreement Contract to Banc of America Leasing & Capital (September 2025)

City of Rockport
Disclosed value
$2,352,642.51
From resolution
Approved
Sep 23, 2025
Term
2017-08-08 to 2025-09-29

The 30-second brief

What it covers

Amendment to lease/purchase agreement between City of Rockport and Banc of America Leasing & Capital, LLC. This amendment allows for partial prepayment of $2,352,642.51 attributable to the gas utility system and clarifies that the obligation is not a taxable direct pay qualified energy conservation bond.

Who holds it

Banc of America Leasing & Capital holds this lease/purchase agreement contract with City of Rockport. Its other public contracts on record include work for Pembroke School District.

What happens next

Term as filed: 2017-08-08 to 2025-09-29.

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Contract details

Contract type
Lease/Purchase Agreement
Amount
$2,352,642.51
Document date
September 23, 2025
Term
2017-08-08 to 2025-09-29
Vendor
Banc of America Leasing & Capital
Agency
City of Rockport
Source document
city-of-rockport-resolution-approving-amendment-to-lease-purchase-agreement_74e.pdf (Resolution)

Banc of America Leasing & Capital's other public contracts

Pembroke School District, New HampshirePembroke School District $4.1M equipment lease agreement ongoing · Nov 4, 2025$4.1MCity of Rockport, ArkansasBank of America Get Lease/Purchase Agreement Amendment · Sep 23, 2025$2.4MCity of Rockport, ArkansasRockport amends lease agreement for gas system debt · Sep 23, 2025UndisclosedCity of Rockport, ArkansasAmendment to Lease/Purchase agreement with Banc of America · Sep 23, 2025UndisclosedCity of Rockport, ArkansasRockport amends agreement with Banc of America Leasing · Sep 23, 2025Undisclosed

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Questions about this contract

Who was awarded the lease/purchase agreement contract by City of Rockport?

Banc of America Leasing & Capital was awarded this lease/purchase agreement contract by City of Rockport, as recorded on September 23, 2025. The contract value is $2,352,642.51.

How much is the Banc of America Leasing & Capital contract with City of Rockport worth?

The Banc of America Leasing & Capital contract with City of Rockport is valued at $2,352,642.51, covering lease/purchase agreement work.

What type of contract is this?

This is a Lease/Purchase Agreement contract, documented as a resolution record.

Where was this contract approved?

This contract appears in city-of-rockport-resolution-approving-amendment-to-lease-purchase-agreement_74e.pdf (Resolution), dated September 23, 2025 from City of Rockport. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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