City of Anthony Agenda Packet 2026-05-19
City Approves $4.96M Solar Lease-Purchase with Capital One
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Description
The City of Anthony approved a $4,962,161 Equipment Lease Purchase Agreement with Capital One Public Funding, LLC at a 5.00% interest rate to finance a 2.25 MW solar array. The tax‑exempt lease-purchase structure includes a 36‑month acquisition period and purchase options starting in 2029.
Contract Details
Contract Amount
$4,962,161 principal at 5.00% interest
Vendor
CAPITAL ONE PUBLIC FUNDING LLC
Agency
City of Anthony, KS
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
Commencement Date May 28, 2026 through Maximum Lease Term per Payment Schedule, with 36‑month acquisition period and final maturity date not fully shown in excerpt
Renewal Info
Lease includes optional annual renewal terms aligned with the City's fiscal year under Kansas lease-purchase statutes, with early purchase options on and after May 28, 2029 and specified prepayment provisions; continuation each year is subject to appropriation.
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