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Wake Electric Agrees To Finance Butner Ladder Truck

Butner Public Safety
Disclosed value
$800,000 interest-free loan; 20% down payment
From agendapacket
Document date
Apr 2, 2026

The 30-second brief

What it covers

Wake Electric agreed to an $800,000 interest-free loan to help Butner finance a new ladder truck. The Town budgeted for the required 20% down payment, with delivery expected in December 2026.

Who holds it

Wake Electric holds this financial services contract with Butner Public Safety. Its other public contracts on record include work for Town of Butner.

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Contract details

Contract type
Financial Services
Amount
$800,000 interest-free loan; 20% down payment
Document date
April 2, 2026
Vendor
Wake Electric
Agency
Butner Public Safety
Source document
Town of Butner AgendaPacket 2026-04-02 (AgendaPacket)

Wake Electric's other public contracts

Town of Butner, North CarolinaWake Electric Financing Backs Fire Truck Purchase · Sep 3, 2026$800KTown of Butner, North CarolinaWake Electric Financing Supports Fire Truck Acquisition · Aug 6, 2026Town of Butner, North CarolinaWake Electric Financing Supports Fire Truck Purchase · Aug 6, 2026Butner Public Safety, North CarolinaButner Discusses Wake Electric Ladder Truck Financing · May 7, 2026Town of Butner, North CarolinaWake Electric to finance Butner ladder truck purchase · Apr 2, 2026All Wake Electric contractsVendor profile

More Butner Public Safety contracts

Risk Management Services (Rms) Property & Casualty TrustButner Approves Higher Property and Casualty Insurance Renewal · Oct 1, 2026CREEDMOORButner Approves Contracted Payment for Creedmoor Fireworks · Oct 1, 2026UndisclosedKimley-horn & Associates IncButner Recommends Kimley-Horn Greenway Design Amendment · Oct 1, 2026Davis-martin-powell & Associates IncButner Approves Assignment of DMP Engineering Agreement · Oct 1, 2026UndisclosedDavis-martin-powell & Associates IncButner On-Call Engineering Agreement Awarded to DMP · Oct 1, 2026UndisclosedAll Butner Public Safety activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Butner Public Safety?

Wake Electric was awarded this financial services contract by Butner Public Safety, as recorded on April 2, 2026. The contract value is $800,000 interest-free loan; 20% down payment.

How much is the Wake Electric contract with Butner Public Safety worth?

The Wake Electric contract with Butner Public Safety is valued at $800,000 interest-free loan; 20% down payment, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Town of Butner AgendaPacket 2026-04-02 (AgendaPacket), dated April 2, 2026 from Butner Public Safety. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Wake Electric hold?

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

What is Butner Public Safety currently buying?

Explore Butner Public Safety's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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