FINANCIAL_SERVICESAPPROVED

City of Lake Wales Awards Financial Services Contract to BANCORP (August 2026)

Lake Wales officials approved financing a new 2026 Chevrolet police vehicle through the Bancorp Master Lease Agreement, committing to $81,259.80 in lease payments over 60 months. The structure includes annual payments of $16,251.96 and a non-appropriation clause for fiscal flexibility.

Document date · August 18, 2026

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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
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
$81,259.80 total lease obligation; $16,251.96 per year for 5 years
Contract type
FINANCIAL_SERVICES
Contract term
60-month lease-purchase term
Renewal
Master lease financing for a 60-month term; renewal or extension options beyond this vehicle lease are not specified in the minutes.
Document type
Minutes
Source document
City of Lake Wales City Commission Meeting Minutes 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 Lake Wales?

BANCORP was awarded this financial services contract by City of Lake Wales, as recorded on August 18, 2026. The contract value is $81,259.80 total lease obligation; $16,251.96 per year for 5 years.

How much is the BANCORP contract with City of Lake Wales worth?

The BANCORP contract with City of Lake Wales is valued at $81,259.80 total lease obligation; $16,251.96 per year for 5 years, covering financial services work.

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 City of Lake Wales City Commission Meeting Minutes 2026-08-18 (Minutes), dated August 18, 2026 from City of Lake Wales. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does BANCORP hold?

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