City of Rockport AgendaPacket Regular Meeting 2026-05-26
Street Sweeper Lease Financing Approved with Government Capital
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Description
The City of Rockport approved a lease purchase financing agreement with Government Capital Corporation for a new street sweeper. The $381,985 transaction will be repaid over 9 annual payments.
Contract Details
Contract Amount
$381,985.00; Payment Amount: $54,207.49 annually for 9 years
Vendor
GOVERNMENT CAPITAL CORPORATION
Agency
City of Rockport, AR
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Contract Term
9 annual payments
Renewal Date
2035-05-26
Renewal Info
9-year term lease purchase; no early renewal or extension stated.
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