FINANCIAL_SERVICESAWARDED

City of Burlington city Awards Financial Services Contract to First National Bank (August 2026)

Burlington City Council approved a capital lease financing agreement with First National Bank for up to $3.26 million to acquire police, fire, animal services, public works, and recreation vehicles and equipment over a term of up to four years. The City adopted a related budget amendment and authorized officials to execute all loan documents.

Status
AWARDED
Document date
August 15, 2026
Contract type
FINANCIAL_SERVICES
Vendor
First National Bank
Agency
City of Burlington city · NC

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $3,259,259.00; annual interest rate not to exceed 3.95%
Contract type
FINANCIAL_SERVICES
Contract term
Financing term not to exceed 4 years from date of closing
Renewal
Financing agreement term up to four years with installment repayments; no renewal options described.
Document type
Agenda
Source document
Burlington City Council Agenda 2026-08-18

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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 Burlington city?

First National Bank was awarded this financial services contract by City of Burlington city, as recorded on August 15, 2026. The contract value is Not to exceed $3,259,259.00; annual interest rate not to exceed 3.95%.

How much is the First National Bank contract with City of Burlington city worth?

The First National Bank contract with City of Burlington city is valued at Not to exceed $3,259,259.00; annual interest rate not to exceed 3.95%, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Burlington City Council Agenda 2026-08-18 (Agenda), dated August 15, 2026 from City of Burlington city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First National Bank hold?

First National 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.

View First National Bank's profile

What is City of Burlington city currently buying?

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

View City of Burlington city's profile

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