hopkinton-town-council-meeting-agenda-august-18-2025_a5d.pdf
Town Approves Vehicle Lease Financing with Huntington Public Capital
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Description
The Hopkinton Town Council authorized a Master Equipment Lease Purchase Agreement with Huntington Public Capital to finance one police utility vehicle and one public works custodial van, with principal payments capped at $121,767. The resolution approves all financing documents and designates the lease as a qualified tax-exempt obligation.
Contract Details
Contract Amount
Not to exceed $121,767
Vendor
HUNTINGTON PUBLIC CAPITAL
Agency
Town of Hopkinton, RI
Contract Type
EQUIPMENT
Document Date
August 18, 2025
Renewal Info
Master Equipment Lease Purchase Agreement and Schedule No. 1 authorized by council resolution, with aggregate principal rental payments not exceeding $121,767; specific lease term not stated in the agenda.
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