City of Vacaville Awards Equipment Contract to Webster Bank National Association (March 2025)
City of VacavilleCity · Vacaville, CA- Disclosed value
- Not to exceed $7,000,000 principal; estimated $6,025,000 principal; total payment amount $8.275 million
- From resolution
- Approved
- Mar 11, 2025
The 30-second brief
The City of Vacaville approved a Master Equipment Lease Purchase Agreement with Webster Bank, National Association to finance fire department vehicles and equipment, with principal not to exceed $7 million at a maximum interest rate of 5.50%. The lease will be funded in multiple installments under separate equipment schedules and supported by escrow and tax agreements.
Webster Bank National Association holds this equipment contract with City of Vacaville. Its other public contracts on record include work for Wayne Local Schools and Patchogue-Medford Union Free School District.
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Contract details
- Contract type
- Equipment
- Amount
- Not to exceed $7,000,000 principal; estimated $6,025,000 principal; total payment amount $8.275 million
- Document date
- March 11, 2025
- Agency
- City of Vacaville
- Source document
- city-of-vacaville-resolution-2025-03-11_1c1.pdf (Resolution)
Webster Bank National Association's other public contracts
More City of Vacaville contracts
Questions about this contract
Who was awarded the equipment contract by City of Vacaville?
Webster Bank National Association was awarded this equipment contract by City of Vacaville, as recorded on March 11, 2025. The contract value is Not to exceed $7,000,000 principal; estimated $6,025,000 principal; total payment amount $8.275 million.
How much is the Webster Bank National Association contract with City of Vacaville worth?
The Webster Bank National Association contract with City of Vacaville is valued at Not to exceed $7,000,000 principal; estimated $6,025,000 principal; total payment amount $8.275 million, covering equipment work.
What type of contract is this?
This is a Equipment contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in city-of-vacaville-resolution-2025-03-11_1c1.pdf (Resolution), dated March 11, 2025 from City of Vacaville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Webster Bank National Association hold?
Webster Bank National Association 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 Vacaville currently buying?
Explore City of Vacaville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.