City of Rock Falls Council Meeting Minutes April 2026
Council Approves Equipment Financing with Tax Exempt Leasing
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Description
The Rock Falls City Council approved financing for the new Caterpillar compact track loader through Tax Exempt Leasing Corp on a three-year term at 5.99 percent interest. The financing will spread the equipment cost over multiple years.
Contract Details
Vendor
TAX EXEMPT LEASING CORP
Agency
City of Rock Falls, IL
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Contract Term
3-year term at 5.99 percent interest
Renewal Info
Three-year financing term; any refinancing or extension would require separate approval.
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