CONTRACTAPPROVED

City of Richmond Awards $548,011 Lease Contract to Wells Fargo Equipment Finance (May 2022)

City of Richmond logoCity of Richmond
Disclosed value
$548,011
From meeting minutes
Approved
May 24, 2022
Term
7 year

The 30-second brief

What it covers

City of Richmond approves lease purchase transaction with Wells Fargo Equipment Finance, INC. for $548,011 to acquire a pumper truck for the Fire Department. The lease is for a seven-year term, with annual lease payments estimated around $87,000 per year.

Who holds it

Wells Fargo Equipment Finance holds this lease contract with City of Richmond. Its other public contracts on record include work for Town of Tofield and Deer Park School District.

What happens next

Term as filed: 7 year.

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Contract details

Contract type
Lease
Amount
$548,011
Document date
May 24, 2022
Term
7 year
Source document
city-of-richmond-meeting-minutes-2022-05-24_3d7.pdf (Meeting Minutes)

Wells Fargo Equipment Finance's other public contracts

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Questions about this contract

Who was awarded the lease contract by City of Richmond?

Wells Fargo Equipment Finance was awarded this lease contract by City of Richmond, as recorded on May 24, 2022. The contract value is $548,011.

How much is the Wells Fargo Equipment Finance contract with City of Richmond worth?

The Wells Fargo Equipment Finance contract with City of Richmond is valued at $548,011, covering lease work.

What type of contract is this?

This is a Lease contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in city-of-richmond-meeting-minutes-2022-05-24_3d7.pdf (Meeting Minutes), dated May 24, 2022 from City of Richmond. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Wells Fargo Equipment Finance hold?

Wells Fargo Equipment Finance 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 City of Richmond currently buying?

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

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