Lower Tule River Irrigation District Board Meeting Packet February 2026
District Approves Equipment Lease Financing with Municipal Finance Corporation
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Description
Lower Tule River Irrigation District approved a seven-year master tax-exempt lease/purchase agreement with Municipal Finance Corporation, totaling $807,960.74 in principal, for the acquisition of a grader and loader.
Contract Details
Contract Amount
Approximately $807,960.74 (principal); $945,085.89 (total payments through maturity); $6,000 finance charges
Vendor
MUNICIPAL FINANCE CORPORATION
Agency
Tea Pot Dome Water District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
February 5, 2026
Contract Term
Seven years at 4.08% interest
Renewal Date
2033-02-20
Renewal Info
Seven-year fixed-term lease; no automatic renewal specified. Lease agreement effective February 20, 2026.
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