FINANCIAL_SERVICESPENDING

City Weighs New Terms for Bucket Truck Loan

The City of Marion is considering modifying its existing financing arrangement with Marion National Bank for a new Altec bucket truck from a 3-year to a 5-year loan, maintaining a $25,000 down payment and reducing monthly payments to $5,355.70. The proposed change is based on the bank’s original offer sheet dated February 26, 2026 and would extend the repayment period while easing monthly cash flow.

Status
PENDING
Document date
May 4, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Marion National Bank
Agency
Town of Marion · KS

Trusted by teams at

Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
5-year loan with $25,000 down = $5,355.70 monthly payment
Contract type
FINANCIAL_SERVICES
Contract term
5-year loan term; previously approved 3-year loan term
Renewal
Request proposes amending the previously approved 3-year loan terms with Marion National Bank to a 5-year term while keeping the same down payment. No automatic renewal language is indicated.
Document type
AgendaPacket
Source document
City of Marion City Council Meeting Agenda Packet May 2026

Related contracts

Other contracts from Marion National Bank.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Marion?

Marion National Bank was awarded this financial services contract by Town of Marion, as recorded on May 4, 2026. The contract value is 5-year loan with $25,000 down = $5,355.70 monthly payment.

How much is the Marion National Bank contract with Town of Marion worth?

The Marion National Bank contract with Town of Marion is valued at 5-year loan with $25,000 down = $5,355.70 monthly payment, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Marion City Council Meeting Agenda Packet May 2026 (AgendaPacket), dated May 4, 2026 from Town of Marion. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Marion National Bank hold?

Marion National 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.

View Marion National Bank's profile

What is Town of Marion currently buying?

Explore Town of Marion's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Marion's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free