City of Asheboro Awards Financial Services Contract to First Horizon Te1 Llc (June 2026)

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $2,841,562 at 3.50% interest

Contract type

FINANCIAL_SERVICES

Contract term

Exact term not stated; agreement dated June 17, 2026; term likely to June 2031 (estimate, as vehicle loans are typically 3-7 years)

Renewal date

2031-06-17

Renewal

Standard installment financing; no auto-renewal. Agreement can be prepaid in part or whole with 30 days' notice. Term and amortization schedule as per exhibit, not provided in full.

Document type

AgendaPacket

Source document

City of Asheboro AgendaPacket Regular Meeting 2026-06-04

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City of Asheboro Regular Meeting Agenda Packet 2026-06-04

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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 Asheboro?

First Horizon Te1 Llc was awarded this financial services contract by City of Asheboro, as recorded on June 4, 2026. The contract value is Not to exceed $2,841,562 at 3.50% interest.

How much is the First Horizon Te1 Llc contract with City of Asheboro worth?

The First Horizon Te1 Llc contract with City of Asheboro is valued at Not to exceed $2,841,562 at 3.50% interest, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Asheboro AgendaPacket Regular Meeting 2026-06-04 (AgendaPacket), dated June 4, 2026 from City of Asheboro. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Horizon Te1 Llc hold?

First Horizon Te1 Llc 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 First Horizon Te1 Llc's profile

What is City of Asheboro currently buying?

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