Ottawa County Awards $1,118,913 Lease-Purchase Contract to Bennington State Bank (October 2025)

Ottawa County approves a lease-purchase agreement with Bennington State Bank for $1,118,913.00 to finance three MasterTech snow and ice dump trucks. The four-year term at a 4.779% interest rate includes annual payments of $313,928.00. Additionally, the county will purchase one MasterTech truck for $372,971 using the Road and Bridge Special Machinery Fund.

Scope & details

The full contract record, as filed.

Contract amount

$1,118,913.00

Contract type

Lease-Purchase

Contract term

4 years

Document type

Minutes

Source document

ottawa-county-board-of-county-commissioner-s-minutes-october-20-2025_147.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the lease-purchase contract by Ottawa County?

Bennington State Bank was awarded this lease-purchase contract by Ottawa County, as recorded on October 20, 2025. The contract value is $1,118,913.00.

How much is the Bennington State Bank contract with Ottawa County worth?

The Bennington State Bank contract with Ottawa County is valued at $1,118,913.00, covering lease-purchase work.

What type of contract is this?

This is a Lease-Purchase contract, documented as a minutes record.

Where was this contract approved?

This contract appears in ottawa-county-board-of-county-commissioner-s-minutes-october-20-2025_147.pdf (Minutes), dated October 20, 2025 from Ottawa County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bennington State Bank hold?

Bennington State 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.

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What is Ottawa County currently buying?

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