CONTRACTAPPROVED

Prince George's County Public Schools Awards $35,850,797 Lease/Purchase Financing Contract to Suntrust Bank (January 2012)

Disclosed value: $35,850,797.00; From resolution
Approved: Jan 5, 2012
Term: 15 years

What it covers

SunTrust Bank secures a contract to re-finance the total loan balance and accrued interest, amounting to $35,850,797.00, with a fixed interest rate of 3.07% over 15 years.

Who holds it

Suntrust Bank holds this lease/purchase financing contract with Prince George's County Public Schools. Its other public contracts on record include work for Nashville Airport Authority and Richmond Redevelopment & Housing Authority.

What happens next

Term as filed: 15 years.

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Contract details

Contract type: Lease/Purchase Financing
Amount: $35,850,797.00
Document date: January 5, 2012
Term: 15 years
Vendor: Suntrust Bank
Agency: Prince George's County Public Schools
Source document: prince-george-s-county-public-schoolsresolution2012-01-05_346.pdf (Resolution)

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Questions about this contract

Who was awarded the lease/purchase financing contract by Prince George's County Public Schools?

Suntrust Bank was awarded this lease/purchase financing contract by Prince George's County Public Schools, as recorded on January 5, 2012. The contract value is $35,850,797.00.

How much is the Suntrust Bank contract with Prince George's County Public Schools worth?

The Suntrust Bank contract with Prince George's County Public Schools is valued at $35,850,797.00, covering lease/purchase financing work.

What type of contract is this?

This is a Lease/Purchase Financing contract, documented as a resolution record.

Where was this contract approved?

This contract appears in prince-george-s-county-public-schoolsresolution2012-01-05_346.pdf (Resolution), dated January 5, 2012 from Prince George's County Public Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Suntrust Bank hold?

Suntrust 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 Prince George's County Public Schools currently buying?

Explore Prince George's County Public Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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