Butner Discusses Wake Electric Ladder Truck Financing
Butner Public SafetyState · Butner, NC- Disclosed value
- $800,000 financed at 0% interest; approximately $80,000 annual payment for 10 years, with $537,469 from fund balance or capital reserve
- From agendapacket
- Document date
- May 7, 2026
- Term
- 10 years
The 30-second brief
Butner discussed financing the ladder truck purchase through a 0% interest loan from Wake Electric. The proposal would finance $800,000 over 10 years with annual payments of approximately $80,000, supplemented by $537,469 from Town reserves.
Wake Electric holds this financial services contract with Butner Public Safety. Its other public contracts on record include work for Town of Butner.
Term as filed: 10 years.
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Contract details
- Contract type
- Financial Services
- Amount
- $800,000 financed at 0% interest; approximately $80,000 annual payment for 10 years, with $537,469 from fund balance or capital reserve
- Document date
- May 7, 2026
- Term
- 10 years
- Vendor
- Wake Electric
- Agency
- Butner Public Safety
- Source document
- Town of Butner AgendaPacket 2026-05-07 (AgendaPacket)
Wake Electric's other public contracts
More Butner Public Safety contracts
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 May 7, 2026. The contract value is $800,000 financed at 0% interest; approximately $80,000 annual payment for 10 years, with $537,469 from fund balance or capital reserve.
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 financed at 0% interest; approximately $80,000 annual payment for 10 years, with $537,469 from fund balance or capital reserve, 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 2026-05-07 (AgendaPacket), dated May 7, 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.