FINANCIAL_SERVICESAWARDED

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

The Burlington City Council awarded a capital lease financing agreement to First National Bank for up to $3,259,259 to purchase vehicles and equipment across multiple departments. The agreement runs up to four years and includes an interest rate capped at 3.95%, with the financed assets pledged as collateral.

Document date · August 18, 2026

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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
Contract type
FINANCIAL_SERVICES
Contract term
Not to exceed 4 years from the date of closing
Renewal
Financing agreement term up to four years with installment repayment; no explicit 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?

First National Bank was awarded this financial services contract by City of Burlington, as recorded on August 18, 2026. The contract value is Not to exceed $3,259,259.00.

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

The First National Bank contract with City of Burlington is valued at Not to exceed $3,259,259.00, 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 18, 2026 from City of Burlington. 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

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