borough_of_garwood_meeting_of_the_mayor_and_counci.pdf
Tax-Exempt Leasing to Finance Police Vehicle Purchase
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Description
Garwood will finance two new 2020 Ford Utility Interceptor police vehicles through Tax-Exempt Leasing Corp. under a three-year installment plan totaling $75,555.81. The financing is outlined in Schedule No. 01, Exhibit B associated with the vehicle purchase resolution.
Contract Details
Contract Amount
Three installments each at $25,185.27 (total $75,555.81)
Vendor
TAX-EXEMPT LEASING CORP
Agency
Borough of Garwood, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
October 23, 2025
Contract Term
Three annual installments under Schedule No. 01, Exhibit B
Renewal Info
Three-year fixed installment financing; no renewal or extension terms are described.
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