CONTRACTPENDING

City of Rhome Considers $650,000 Financing Contract

City of Rhame logoCity of Rhame
Disclosed value
$650,000
From agenda
Document date
Apr 24, 2025
Term
15 years

The 30-second brief

What it covers

The City of Rhome is considering a contract with Government Capital for financing a modular building with a loan not to exceed $650,000. The annual payment for the full amount of $650,000 is $65,066.85 with an interest rate of 5.72% for 15 years. The building will house administration, police, and fire departments.

Who holds it

Government Capital Corporation holds this financing contract with City of Rhame. Its other public contracts on record include work for City of Bridgeport and City of Mercedes.

What happens next

Term as filed: 15 years.

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Contract details

Contract type
Financing
Amount
$650,000
Document date
April 24, 2025
Term
15 years
Source document
city-of-rhome-city-council-meeting-agenda-april-24-2025_237.pdf (Agenda)

Government Capital Corporation's other public contracts

More City of Rhame contracts

Questions about this contract

Who was awarded the financing contract by City of Rhame?

Government Capital Corporation was awarded this financing contract by City of Rhame, as recorded on April 24, 2025. The contract value is $650,000.

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

The Government Capital Corporation contract with City of Rhame is valued at $650,000, covering financing work.

What type of contract is this?

This is a Financing contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-rhome-city-council-meeting-agenda-april-24-2025_237.pdf (Agenda), dated April 24, 2025 from City of Rhame. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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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.

What is City of Rhame currently buying?

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

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