City of Willard Board of Alders Regular Meeting Agenda March 2026
City Refunding 2025 Lease with O’Bannon Banking Company
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Description
O’Bannon Banking Company’s 2025 equipment lease with the City is being paid off in full via proceeds from new Series 2026 Certificates, refunding $2,196,000 principal.
Contract Details
Contract Amount
$2,196,000 (payoff for 2025 Lease)
Vendor
O'BANNON BANKING COMPANY
Agency
City of Willard, MO
Contract Type
FINANCIAL_SERVICES
Document Date
March 9, 2026
Contract Term
November 19, 2025 – April 15, 2026 (refinanced)
Renewal Date
2026-04-15
Renewal Info
This lease is fully refunded and closed out upon bond issuance. No renewal—superseded by long-term bond financing.
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