City of Marion Council Meeting Agenda March 2026
Marion National Bank Recommended for Truck Financing
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Description
The City of Marion review committee recommended Marion National Bank’s financing proposal for the new electric bucket truck—a 3-year loan with a $25,000 down payment at 3.95% interest (APR 3.96%). The recommendation follows evaluation of competing offers from two other local banks.
Contract Details
Vendor
MARION NATIONAL BANK
Agency
City of Marion, KS
Contract Type
FINANCIAL_SERVICES
Document Date
March 2, 2026
Contract Term
3-year loan; $25,000 down payment at 3.95% (APR 3.96%)
Renewal Info
Initial financing recommendation for a fixed 3-year term; no renewal or extension options mentioned.
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