The Village City Council Regular Meeting Agenda March 2026
City Considers Fire Engine Lease Financing with Leasing 2, Inc.
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Description
The Village City Council is considering a resolution to authorize a 7-year lease purchase agreement with Leasing 2, Inc. for financing the acquisition of a new Sutphen fire engine. The agreement will finance $1,198,292.11 at 4.82% interest, subject to legal review.
Contract Details
Contract Amount
$1,198,292.11 at 4.82% interest
Vendor
LEASING 2 INC
Agency
City of The Village, OK
Contract Type
FINANCIAL_SERVICES
Document Date
March 9, 2026
Contract Term
seven (7) years
Renewal Date
2033-03-09
Renewal Info
No auto-renewal. Standard lease purchase; end of term ownership likely transfers to city.
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The Village City Council Regular Meeting Agenda March 2026
The Village City Council Regular Meeting Agenda March 2026
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