City of Cayce Council Meeting Agenda May 5 2026
Bank of America Chosen for Fire Truck Financing
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Description
The City of Cayce plans to finance $1,150,000 of a new fire ladder truck through a seven-year lease-purchase agreement with Bank of America at 3.8856% interest, with monthly payments of $15,658.64. The remaining $1,150,000 of the $2,300,000 cost will be paid from settlement funds.
Contract Details
Contract Amount
$1,150,000 financed; $15,658.64/month for 84 months at 3.8856%
Vendor
BANK OF AMERICA
Agency
City of Cayce city, SC
Contract Type
FINANCIAL_SERVICES
Document Date
May 5, 2026
Contract Term
84 months (7 years)
Renewal Date
2033-08-31
Renewal Info
Lease-purchase obligations are subject to annual appropriation; no automatic renewal beyond the 7-year term is described.
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City of Cayce Council Meeting Agenda May 5 2026
City of Cayce Council Meeting Agenda May 5 2026
City of Cayce Council Meeting Agenda May 5 2026
City of Cayce Council Meeting Agenda May 5 2026
City of Cayce Council Meeting Agenda May 5 2026
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