City of Bessemer Awards Financial Services Contract to Bb& T (August 2020)

The Bessemer City Council approved financing terms with BB& T to fund the purchase of a leaf collector truck, securing a 1.69% interest rate over a five-year term. The financing is intended to reduce the City’s reliance on contracted help in the Public Works department during COVID-19.

Document date · August 25, 2020

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

5-year period

Renewal

Five-year financing agreement; no renewal or extension terms mentioned in the minutes.

Document type

Minutes

Source document

bessemer_city_council_work_session_minutes_august.md

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Bessemer?

Bb& T was awarded this financial services contract by City of Bessemer, as recorded on August 25, 2020.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in bessemer_city_council_work_session_minutes_august.md (Minutes), dated August 25, 2020 from City of Bessemer. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bb& T hold?

Bb& T may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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