City of Raymond Awards $2,165,862 Financial Services Contract to Regions Equipment Finance Corporation (July 2025)

Scope & details

The full contract record, as filed.

Contract amount

$2,165,862

Contract type

FINANCIAL_SERVICES

Contract term

Principal and interest payable annually on August 21, 2026; August 21, 2027; and August 21, 2028 at 5.11% interest

Renewal date

2028-08-21

Renewal

This is a fixed-term promissory note maturing after the final scheduled payment in 2028; no renewal or extension options are described. The Superintendent may reduce the principal prior to issuance, with corresponding payment adjustments, but the term structure remains three equal total annual payments.

Document type

Resolution

Source document

Hinds County School District Resolution Revenue Shortfall Promissory Note 2025-07-24

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AWARDED

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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 Raymond?

Regions Equipment Finance Corporation was awarded this financial services contract by City of Raymond, as recorded on July 24, 2025. The contract value is $2,165,862.

How much is the Regions Equipment Finance Corporation contract with City of Raymond worth?

The Regions Equipment Finance Corporation contract with City of Raymond is valued at $2,165,862, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Hinds County School District Resolution Revenue Shortfall Promissory Note 2025-07-24 (Resolution), dated July 24, 2025 from City of Raymond. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Regions Equipment Finance Corporation hold?

Regions Equipment Finance Corporation 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 Regions Equipment Finance Corporation's profile

What is City of Raymond currently buying?

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

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