EQUIPMENTPENDING

Wiscasset Weighs Police Cruiser Lease With Androscoggin Bank

The Wiscasset Select Board will consider approving a municipal lease purchase agreement with Androscoggin Bank to finance a new 2026 Ford Explorer police cruiser and equipment for $45,720 in principal over three years. The proposed tax-exempt lease carries a 5.79% interest rate, requires three annual payments of about $16,105, and includes a $1 buyout at term end.

Status
PENDING
Document date
August 3, 2026
Contract type
EQUIPMENT
Vendor
Androscoggin Bank
Agency
Town of Wiscasset · ME

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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
$45,720 (total principal); $16,105.38 annually; $48,316.15 total payments
Contract type
EQUIPMENT
Contract term
3-year municipal lease, 3 annual installments starting August 5, 2026
Renewal date
2028-08-05
Renewal
Three-year fixed-term municipal lease purchase with first payment due August 5, 2026 and $1 purchase option at end of term. No automatic renewal; lease rate subject to change if not closed within 60 days of proposal date.
Document type
Agenda
Source document
Wiscasset Select Board Agenda 2026-08-04

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the equipment contract by Town of Wiscasset?

Androscoggin Bank was awarded this equipment contract by Town of Wiscasset, as recorded on August 3, 2026. The contract value is $45,720 (total principal); $16,105.38 annually; $48,316.15 total payments.

How much is the Androscoggin Bank contract with Town of Wiscasset worth?

The Androscoggin Bank contract with Town of Wiscasset is valued at $45,720 (total principal); $16,105.38 annually; $48,316.15 total payments, covering equipment work.

What type of contract is this?

This is a Equipment contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Wiscasset Select Board Agenda 2026-08-04 (Agenda), dated August 3, 2026 from Town of Wiscasset. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Androscoggin Bank hold?

Androscoggin 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 Androscoggin Bank's profile

What is Town of Wiscasset currently buying?

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

View Town of Wiscasset's profile

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