FINANCIAL_SERVICESDISCUSSED

Financing Options for Mid-Size Ditch Witch Hydrovac

RCB Bank outlined three term and rate combinations to finance an $82,416.79 Ditch Witch HX30A Hydrovac with 500-gallon debris and 200-gallon water tanks. These options support Council consideration of a larger-capacity hydrovac unit.

Document date · August 11, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
Option 1: $30,473.92/year for 3 years at 5.12% ($6,666.94 in interest); Option 2: $23,546.67/year for 4 years at 5.36% ($9,333.77 in interest); Option 3: $19,438.11/year for 5 years at 5.59% ($12,244.16 in interest) on $82,416.79 purchase price
Contract type
FINANCIAL_SERVICES
Contract term
Option 1: 3 years; Option 2: 4 years; Option 3: 5 years
Document type
StaffReport
Source document
City of Douglass StaffReport Hydrovac Purchase Options 2026-08-12

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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 Douglass?

Rcb Bank was awarded this financial services contract by City of Douglass, as recorded on August 11, 2026. The contract value is Option 1: $30,473.92/year for 3 years at 5.12% ($6,666.94 in interest); Option 2: $23,546.67/year for 4 years at 5.36% ($9,333.77 in interest); Option 3: $19,438.11/year for 5 years at 5.59% ($12,244.16 in interest) on $82,416.79 purchase price.

How much is the Rcb Bank contract with City of Douglass worth?

The Rcb Bank contract with City of Douglass is valued at Option 1: $30,473.92/year for 3 years at 5.12% ($6,666.94 in interest); Option 2: $23,546.67/year for 4 years at 5.36% ($9,333.77 in interest); Option 3: $19,438.11/year for 5 years at 5.59% ($12,244.16 in interest) on $82,416.79 purchase price, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Douglass StaffReport Hydrovac Purchase Options 2026-08-12 (StaffReport), dated August 11, 2026 from City of Douglass. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rcb Bank hold?

Rcb 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.

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