Luce Township Board Meeting Minutes January 2026
Fire Truck Lease with Crossroads Bank Ongoing Through 2027
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Description
Luce Township continues its fire truck lease with Crossroads Bank, with an original principal of $200,500. The agreement carries through to September 2027 and supports fire department operations.
Contract Details
Contract Amount
$200,500.00 principal, $216,061.16 total including interest
Vendor
CROSSROADS BANK
Agency
Town of Luce, IN
Contract Type
FINANCIAL_SERVICES
Document Date
January 6, 2026
Contract Term
Lease-Purchase Agreement dated January 13, 2021; last payment due September 1, 2027
Renewal Date
2027-09-01
Renewal Info
Lease initiated January 2021, payment schedule through September 2027; includes prepayment and stated interest options; semi-annual payment structure.
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Luce Township Board Meeting Minutes January 2026
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