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Town of Newberry Awards $550,000 Lease-Purchase Contract to First Community Bank (August 2024)

Town of Newberry logoTown of Newberry
Disclosed value
$550,000
From minutes
Approved
Aug 13, 2024
Term
4 years

The 30-second brief

What it covers

City of Newberry approves a lease-purchase agreement with First Community Bank for a vacuum truck, with a principal amount not exceeding $550,000 and an interest rate of 4.59% over four years. The agreement is subject to annual appropriation of funds by the City.

Who holds it

First Community Bank holds this lease-purchase contract with Town of Newberry. Its other public contracts on record include work for CAMERON COUNTY DRAINAGE DISTRICT 5 and HARLINGEN SCHOOL OF HEALTH PROFESSIONS.

What happens next

Term as filed: 4 years.

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Contract details

Contract type
Lease-Purchase
Amount
$550,000
Document date
August 13, 2024
Term
4 years
Vendor
First Community Bank
Agency
Town of Newberry
Source document
newberry-city-council-meeting-minutes-august-13-2024_2b3.pdf (Minutes)

First Community Bank's other public contracts

CAMERON COUNTY DRAINAGE DISTRICT 5, TexasDrainage District to Ratify First Community Bank Certificate · Oct 13, 2026UndisclosedHARLINGEN SCHOOL OF HEALTH PROFESSIONS, TexasHarlingen CISD Recommends First Community Bank List · Oct 9, 2026UndisclosedCity of Cherokee Village, ArkansasCherokee Village Approves $300,000 First Community Bank CDs · Oct 8, 2026Jo Daviess County, IllinoisETSB Reviews First Community Bank CD Maturity · Oct 7, 2026$808.6KBAYVIEW IRRIGATION DISTRICT 11, TexasDistrict Reviews First Community Bank Account Balance · Sep 16, 2026UndisclosedAll First Community Bank contractsVendor profile

More Town of Newberry contracts

Bolton & Menk Inc.Newberry Considers Bolton & Menk Consulting Agreement · Aug 12, 2025UndisclosedPiedmont Municipal PowerNew Piedmont Municipal Power Agency contract for consideration · Jul 8, 2025UndisclosedNewberry County LiteracyNewberry County Literacy Council gets $1000 grant · Jun 17, 2025$1KNewberry County LiteracyLiteracy Council Receives $1,000 Funding Boost · Jun 17, 2025$1KTom Brigman ContractorsContract approved for Bush River 2 Project · Jun 3, 2025$1.9MAll Town of Newberry activityAgency profile

Questions about this contract

Who was awarded the lease-purchase contract by Town of Newberry?

First Community Bank was awarded this lease-purchase contract by Town of Newberry, as recorded on August 13, 2024. The contract value is $550,000.

How much is the First Community Bank contract with Town of Newberry worth?

The First Community Bank contract with Town of Newberry is valued at $550,000, 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 newberry-city-council-meeting-minutes-august-13-2024_2b3.pdf (Minutes), dated August 13, 2024 from Town of Newberry. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does First Community Bank hold?

First Community 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.

What is Town of Newberry currently buying?

Explore Town of Newberry's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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