FINANCIAL_SERVICESPENDING

Rensselaer Plans Water Meter Financing With Government Capital

Rensselaer plans to enter a five-year lease-purchase agreement with Government Capital Corporation to finance its water meter project. The preliminary financing term sheet lists project costs of $480,700, monthly payments of $9,262.54 and a 5.45% indicative rate.

Document date · October 7, 2026

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

The full contract record, as filed.

Contract amount
$480,700.00; proposed monthly payments of $9,262.54 at 5.45%
Contract type
FINANCIAL_SERVICES
Contract term
5 years; payments beginning November 1, 2026, or 30 days from funding
Renewal date
2031-11-01
Renewal
Five-year financing term; no renewal option is stated.
Document type
AgendaPacket
Source document
City of Rensselaer AgendaPacket Regular Common Council Meeting 2026-10-07

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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 Rensselaer?

Government Capital Corporation was awarded this financial services contract by City of Rensselaer, as recorded on October 7, 2026. The contract value is $480,700.00; proposed monthly payments of $9,262.54 at 5.45%.

How much is the Government Capital Corporation contract with City of Rensselaer worth?

The Government Capital Corporation contract with City of Rensselaer is valued at $480,700.00; proposed monthly payments of $9,262.54 at 5.45%, 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 Rensselaer AgendaPacket Regular Common Council Meeting 2026-10-07 (AgendaPacket), dated October 7, 2026 from City of Rensselaer. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Government Capital Corporation hold?

Government Capital 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 Government Capital Corporation's profile

What is City of Rensselaer currently buying?

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