Evans Fire Protection District AgendaPacket Regular Meeting 2026-06-22
Board Approves FNBO Lease-Purchase for Apparatus
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Description
The Evans Fire Protection District Board approved Resolution 2026-05 to enter into a $650,000 lease-purchase financing arrangement with First National Bank of Omaha for a new tower apparatus. The financing will feature annual payments of $130,000 plus interest at 5-year Treasury plus 1.7%, no prepayment penalty, and an origination and third-party fee structure.
Contract Details
Contract Amount
$650,000.00
Vendor
FIRST NATIONAL BANK OF OMAHA
Agency
Evans Fire Protection District, CO
Contract Type
FINANCIAL_SERVICES
Document Date
June 22, 2026
Contract Term
Annual payments of $130,000.00 principal plus accrued interest; interest rate 5-year Treasury + 1.7% fixed at closing; no stated end date
Renewal Info
Lease-purchase terms include annual payments of $130,000 principal plus interest, with no prepayment penalty; specific maturity date to be set in Mutual Financing Documents at closing.
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