CONTRACTAPPROVED

City of Asheville Awards $8,473,771 Loan Contract to Jpmorgan Chase Bank (October 2025)

Disclosed value: $8,473,770.66; From resolution
Approved: Oct 28, 2025
Term: 5 years

What it covers

City of Asheville approves $8,473,770.66 installment loan with JPMorgan Chase Bank for Capital Improvement Program vehicles and equipment. The financing term will not exceed five (5) years from closing, with an interest rate not to exceed 3.27% per annum.

Who holds it

Jpmorgan Chase Bank holds this loan contract with City of Asheville. Its other public contracts on record include work for Tarrant County and City of Owasso.

What happens next

Term as filed: 5 years.

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Contract details

Contract type: Loan
Amount: $8,473,770.66
Document date: October 28, 2025
Term: 5 years
Vendor: Jpmorgan Chase Bank
Agency: City of Asheville
Source document: city_of_asheville_resolution_approving_installment.pdf (Resolution)

Jpmorgan Chase Bank's other public contracts

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Questions about this contract

Who was awarded the loan contract by City of Asheville?

Jpmorgan Chase Bank was awarded this loan contract by City of Asheville, as recorded on October 28, 2025. The contract value is $8,473,770.66.

How much is the Jpmorgan Chase Bank contract with City of Asheville worth?

The Jpmorgan Chase Bank contract with City of Asheville is valued at $8,473,770.66, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a resolution record.

Where was this contract approved?

This contract appears in city_of_asheville_resolution_approving_installment.pdf (Resolution), dated October 28, 2025 from City of Asheville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Jpmorgan Chase Bank hold?

Jpmorgan Chase 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 Asheville currently buying?

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

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