City of San Antonio Council Meeting Agenda February 19 2026
San Antonio Awards Lease-Purchase Financing to JP Morgan Chase Bank
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Description
JP Morgan Chase Bank, N.A. was awarded a $8.65 million master tax-exempt lease-purchase contract for San Antonio's waste collection and fire department equipment over 7 years.
Contract Details
Contract Amount
$8,647,712
Vendor
JP MORGAN CHASE BANK N.A.
Agency
City of San Antonio city, TX
Contract Type
FINANCIAL_SERVICES
Document Date
February 19, 2026
Contract Term
7 years; quarterly payments beginning May 1, 2026
Renewal Date
2033-02-28
Renewal Info
Term: 7 years. Frost Bank holds escrow. Previous awardee declined contract terms; JP Morgan Chase was next-lowest.
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