EQUIPMENTPENDING

Lease Plan for 42 Electric Vans with Model 1

CalVans is considering approval of a lease agreement with Model 1 to place 42 electric vans for the AHSC Central Terrace project into service. The arrangement converts an unpaid purchase balance into a $1,200-per-vehicle monthly lease with payments applied to principal until the approximately $3.115 million cost is satisfied.

Status
PENDING
Document date
May 14, 2026
Contract type
EQUIPMENT
Vendor
Model 1
Agency
California Vanpool Authority (Calvans) · CA

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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
$3.115 million (vehicle purchase) plus $1,200 per vehicle per month lease for 42 vehicles
Contract type
EQUIPMENT
Contract term
Lease at $1,200 per vehicle per month until principal is paid or lease end date; master lease terms per Model 1 Master Lease Agreement and Lease Schedules
Renewal
Lease terminates on the designated end date or earlier upon full repayment of principal; all lease payments apply to principal with no extra finance charge. Specific start and end dates are detailed in the Model 1 Master Lease Agreement and Lease Schedules.
Document type
AgendaPacket
Source document
California Vanpool Authority Board of Directors Meeting Agenda May 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the equipment contract by California Vanpool Authority (Calvans)?

Model 1 was awarded this equipment contract by California Vanpool Authority (Calvans), as recorded on May 14, 2026. The contract value is $3.115 million (vehicle purchase) plus $1,200 per vehicle per month lease for 42 vehicles.

How much is the Model 1 contract with California Vanpool Authority (Calvans) worth?

The Model 1 contract with California Vanpool Authority (Calvans) is valued at $3.115 million (vehicle purchase) plus $1,200 per vehicle per month lease for 42 vehicles, covering equipment work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in California Vanpool Authority Board of Directors Meeting Agenda May 2026 (AgendaPacket), dated May 14, 2026 from California Vanpool Authority (Calvans). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Model 1 hold?

Model 1 may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is California Vanpool Authority (Calvans) currently buying?

Explore California Vanpool Authority (Calvans)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View California Vanpool Authority (Calvans)'s profile

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