City reviews backhoe financing with Summit Bank
City of CareyCity · ID- Disclosed value
- $119,000 balance; $1,955 monthly (option one discussed) or $2,576 monthly (option two discussed)
- From minutes
- Document date
- Jul 21, 2025
The 30-second brief
Carey City Council reviewed financing options on the existing backhoe equipment currently financed through Summit Bank, including whether to return the equipment in May instead of paying off a $119,000 balance. The discussion explored differing payment structures but did not result in a formal action.
Summit Bank holds this equipment contract with City of Carey. Its other public contracts on record include work for Banks Fire District #13 and Shangri La Water District.
Term as filed: Current backhoe financing through approximately May (discussion only).
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Contract details
- Contract type
- Equipment
- Amount
- $119,000 balance; $1,955 monthly (option one discussed) or $2,576 monthly (option two discussed)
- Document date
- July 21, 2025
- Term
- Current backhoe financing through approximately May (discussion only)
- Vendor
- Summit Bank
- Agency
- City of Carey
- Source document
- Carey City Council Meeting Minutes July 2025 (Minutes)
Summit Bank's other public contracts
More City of Carey contracts
Questions about this contract
Who was awarded the equipment contract by City of Carey?
Summit Bank was awarded this equipment contract by City of Carey, as recorded on July 21, 2025. The contract value is $119,000 balance; $1,955 monthly (option one discussed) or $2,576 monthly (option two discussed).
How much is the Summit Bank contract with City of Carey worth?
The Summit Bank contract with City of Carey is valued at $119,000 balance; $1,955 monthly (option one discussed) or $2,576 monthly (option two discussed), covering equipment work.
What type of contract is this?
This is a Equipment contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Carey City Council Meeting Minutes July 2025 (Minutes), dated July 21, 2025 from City of Carey. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Summit Bank hold?
Summit Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Carey currently buying?
Explore City of Carey's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.