City of Lexington Awards Financial Services Contract to Nbh Bank (October 2020)
City of LexingtonCity · MO- Disclosed value
- $143,661 (3-year lease at 2.93% interest; City contributing approximately $50,000 in current fiscal year)
- From minutes
- Approved
- Oct 13, 2020
- Term
- 3-year lease starting next budget year
The 30-second brief
The Lexington City Council approved Ordinance 2020-43 authorizing an agreement with NBH Bank to finance a three-year, $143,661 lease of a 2020 F550 ambulance chassis with the existing box. The City will contribute approximately $50,000 in the current fiscal year with lease payments beginning next budget year at 2.93% interest.
Nbh Bank holds this financial services contract with City of Lexington. Its other public contracts on record include work for Division of Banking and Thomas Edison Charter Schools.
Term as filed: 3-year lease starting next budget year.
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Contract details
- Contract type
- Financial Services
- Amount
- $143,661 (3-year lease at 2.93% interest; City contributing approximately $50,000 in current fiscal year)
- Document date
- October 13, 2020
- Term
- 3-year lease starting next budget year
- Vendor
- Nbh Bank
- Agency
- City of Lexington
- Source document
- city-of-lexington-council-meeting-minutes-october-13-2020_e85.pdf (Minutes)
Nbh Bank's other public contracts
More City of Lexington contracts
Questions about this contract
Who was awarded the financial services contract by City of Lexington?
Nbh Bank was awarded this financial services contract by City of Lexington, as recorded on October 13, 2020. The contract value is $143,661 (3-year lease at 2.93% interest; City contributing approximately $50,000 in current fiscal year).
How much is the Nbh Bank contract with City of Lexington worth?
The Nbh Bank contract with City of Lexington is valued at $143,661 (3-year lease at 2.93% interest; City contributing approximately $50,000 in current fiscal year), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in city-of-lexington-council-meeting-minutes-october-13-2020_e85.pdf (Minutes), dated October 13, 2020 from City of Lexington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Nbh Bank hold?
Nbh 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.
What is City of Lexington currently buying?
Explore City of Lexington's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.