City of Chelsea Awards $3,615,699 Lease/Purchase Agreement Contract to Banc of America Public Capital Corp (May 2023)
City of ChelseaCity · Chelsea, MA- Disclosed value
- $3,615,699.00
- From meeting minutes
- Approved
- May 22, 2023
- Term
- 15 years
The 30-second brief
Chelsea City Council approves $3.6M lease/purchase agreement with Banc of America for energy project. The project aims to provide emergency power, promote energy resilience, and reduce greenhouse gas emissions through battery storage and solar panels.
Banc of America Public Capital Corp holds this lease/purchase agreement contract with City of Chelsea. Its other public contracts on record include work for South Huntington Union Free School District and Las Gallinas Valley Sanitary Dist.
Term as filed: 15 years.
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Contract details
- Contract type
- Lease/Purchase Agreement
- Amount
- $3,615,699.00
- Document date
- May 22, 2023
- Term
- 15 years
- Agency
- City of Chelsea
- Source document
- city-of-chelsea-meeting-minutes-2023-05-22_6b9.pdf (Meeting Minutes)
Banc of America Public Capital Corp's other public contracts
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Questions about this contract
Who was awarded the lease/purchase agreement contract by City of Chelsea?
Banc of America Public Capital Corp was awarded this lease/purchase agreement contract by City of Chelsea, as recorded on May 22, 2023. The contract value is $3,615,699.00.
How much is the Banc of America Public Capital Corp contract with City of Chelsea worth?
The Banc of America Public Capital Corp contract with City of Chelsea is valued at $3,615,699.00, covering lease/purchase agreement work.
What type of contract is this?
This is a Lease/Purchase Agreement contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in city-of-chelsea-meeting-minutes-2023-05-22_6b9.pdf (Meeting Minutes), dated May 22, 2023 from City of Chelsea. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Banc of America Public Capital Corp hold?
Banc of America Public Capital Corp 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 Chelsea currently buying?
Explore City of Chelsea's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.