The Village City Council Regular Meeting Agenda March 2026
City Weighs $1.2M Fire Engine Lease-Purchase Financing
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Description
The Village City Council is considering a seven-year, $1,198,292.11 lease-purchase financing agreement with Leasing 2, Inc. to fund a new Sutphen heavy duty custom fire engine. Final approval is subject to legal review.
Contract Details
Contract Amount
$1,198,292.11 financed, 4.82% interest rate
Vendor
LEASING 2 INC
Agency
City of The Village, OK
Contract Type
EQUIPMENT
Document Date
March 9, 2026
Contract Term
7 years
Renewal Date
2033-03-09
Renewal Info
Term is seven years with fixed amount. No auto-renewal information provided.
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The Village City Council Regular Meeting Agenda March 2026
The Village City Council Regular Meeting Agenda March 2026
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