City of Morrow Awards Financial Services Contract to Regions Equipment Finance Corporation (April 2026)

The City of Morrow approved Resolution 2026-003 authorizing issuance and sale of a Tax Anticipation Note, Series 2026, in a principal amount not to exceed $3,000,000 to Regions Equipment Finance Corporation at a 3.72% interest rate. The short-term note, maturing December 30, 2026, will fund current operating expenses and is secured by 2026 General Fund tax revenues.

Scope & details

The full contract record, as filed.

Contract amount

Principal amount not to exceed $3,000,000 at 3.72% interest

Contract type

FINANCIAL_SERVICES

Contract term

From date of issuance in April 2026 through December 30, 2026

Renewal date

2026-12-30

Renewal

Single-year tax anticipation note maturing December 30, 2026; the note is not subject to prepayment and no renewal or extension options are provided in the resolution.

Document type

Resolution

Source document

City of Morrow Resolution 2026-003 Tax Anticipation Note

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Morrow?

Regions Equipment Finance Corporation was awarded this financial services contract by City of Morrow, as recorded on April 8, 2026. The contract value is Principal amount not to exceed $3,000,000 at 3.72% interest.

How much is the Regions Equipment Finance Corporation contract with City of Morrow worth?

The Regions Equipment Finance Corporation contract with City of Morrow is valued at Principal amount not to exceed $3,000,000 at 3.72% interest, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Morrow Resolution 2026-003 Tax Anticipation Note (Resolution), dated April 8, 2026 from City of Morrow. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Regions Equipment Finance Corporation hold?

Regions Equipment Finance 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.

View Regions Equipment Finance Corporation's profile

What is City of Morrow currently buying?

Explore City of Morrow's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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