Twin Falls City Council Agenda April 27, 2026
Council to Ratify Fire Pumper Lease Principal Prepayment
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Description
Twin Falls seeks to ratify staff’s application of $114,342.40 in interest earnings toward the principal on its $979,238 lease purchase agreement with Zions Bancorporation, N.A. for a Pierce PUC Enforcer Pumper. The adjustment reduces outstanding principal and lowers future interest costs over the term ending May 25, 2028.
Contract Details
Contract Amount
$979,238 (original lease); additional principal payment of $114,342.40
Vendor
ZIONS BANCORPORATION NA
Agency
City of Twin Falls, ID
Contract Type
EQUIPMENT
Document Date
April 27, 2026
Contract Term
Interest-only first year; principal and interest payments through May 25, 2028 at 4.43%
Renewal Date
2028-05-25
Renewal Info
Lease purchase agreement approved in 2023 with payments structured through May 25, 2028; item amends the principal balance via an unbudgeted interest-earnings application, but does not alter the stated maturity date.
More from ZIONS BANCORPORATION NA
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