County Expands $50M Lease Program With Banc of America
Chesterfield CountyCounty · Chesterfield, VA- Disclosed value
- Up to $50,000,000 principal; interest rate not to exceed 6.00% per year
- From minutes
- Document date
- Dec 17, 2025
- Renews
- Free account
The 30-second brief
Chesterfield County supervisors approved an amendment to the existing Master Equipment Lease/Purchase Agreement with Banc of America Public Capital Corp to provide up to $50 million in additional proceeds. The financing will support a multi-year plan to acquire and install vehicles and other equipment, with payments extending through 2050 and interest capped at 6 percent.
Banc of America Public Capital Corp holds this equipment contract with Chesterfield County. Its other public contracts on record include work for South Huntington Union Free School District and Las Gallinas Valley Sanitary Dist.
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Contract details
- Contract type
- Equipment
- Amount
- Up to $50,000,000 principal; interest rate not to exceed 6.00% per year
- Document date
- December 17, 2025
- Term
- Final payment of basic rent under any schedule no later than December 31, 2050
- Renews
- Free account
- Agency
- Chesterfield County
- Source document
- Chesterfield County Board of Supervisors Minutes December 17 2025 (Minutes)
Banc of America Public Capital Corp's other public contracts
More Chesterfield County contracts
Questions about this contract
Who was awarded the equipment contract by Chesterfield County?
Banc of America Public Capital Corp was awarded this equipment contract by Chesterfield County, as recorded on December 17, 2025. The contract value is Up to $50,000,000 principal; interest rate not to exceed 6.00% per year.
How much is the Banc of America Public Capital Corp contract with Chesterfield County worth?
The Banc of America Public Capital Corp contract with Chesterfield County is valued at Up to $50,000,000 principal; interest rate not to exceed 6.00% per year, covering equipment work.
What type of contract is this?
This is a Equipment contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Chesterfield County Board of Supervisors Minutes December 17 2025 (Minutes), dated December 17, 2025 from Chesterfield County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Banc of America Public Capital Corp hold?
Banc of America Public Capital Corp 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 Chesterfield County currently buying?
Explore Chesterfield County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.