City of Lansing Awards $140,500 Financial Services Contract to Commerce Bank Clayton Holdings Llc (August 2026)

The Lansing City Council approved Resolution B-9-2026 authorizing a three-year lease-purchase agreement with Commerce Bank, Clayton Holdings, LLC for $140,500.00 to finance a 2026 CASE580 Super-N Wide Track Backhoe. The contract provides for three equal annual payments starting August 12, 2026 at a 4.59% interest rate.

Scope & details

The full contract record, as filed.

Contract amount

$140,500.00

Contract type

FINANCIAL_SERVICES

Contract term

3 year lease/purchase; first payment due August 12, 2026

Renewal date

2029-08-12

Renewal

Three-year fixed-term lease-purchase with no stated renewal options; payments are annual and equal over the term.

Document type

AgendaPacket

Source document

City of Lansing Agenda Packet 2026-08-20

Frequently asked questions

Common questions about this contract, answered from the record.

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

Commerce Bank Clayton Holdings Llc was awarded this financial services contract by City of Lansing, as recorded on August 19, 2026. The contract value is $140,500.00.

How much is the Commerce Bank Clayton Holdings Llc contract with City of Lansing worth?

The Commerce Bank Clayton Holdings Llc contract with City of Lansing is valued at $140,500.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Lansing Agenda Packet 2026-08-20 (AgendaPacket), dated August 19, 2026 from City of Lansing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Commerce Bank Clayton Holdings Llc hold?

Commerce Bank Clayton Holdings Llc 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 Commerce Bank Clayton Holdings Llc's profile

What is City of Lansing currently buying?

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

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