FINANCIAL_SERVICESONGOING

Redwood Valley-Calpella Fire District Board Meeting Agenda May 2026

District Finances Kenworth Water Tender via Lease with First National

$463,500.00Redwood Valley Calpella Fire DistrictFIRST NATIONAL CORPORATIONMay 14, 2026

Trusted by teams at

Description

Redwood Valley-Calpella Fire District is financing a $463,500 Kenworth 3,000 gallon water tender through a seven-year lease purchase agreement with First National Corporation at 4.89% interest. The District has made the first annual payment of $79,790.31 and is evaluating an early payoff.

Contract Details

Contract Amount

$463,500.00

Vendor

FIRST NATIONAL CORPORATION

Agency

Redwood Valley Calpella Fire District, CA

Contract Type

FINANCIAL_SERVICES

Document Date

May 14, 2026

Contract Term

Seven-year lease with seven annual payments of $79,790.31 at 4.89% interest starting May 13, 2025

Renewal Date

2032-05-13

Renewal Info

Lease runs for seven annual payments beginning May 13, 2025; Board is considering an early payoff on or before June 30, 2026 to save approximately $63,653.07 in interest.

Issuing Agency