City of Rock Falls Council Meeting Agenda Packet April 2026
Tax Exempt Leasing Corp Selected for Equipment Financing
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Description
The Public Works Public Property Committee recommends financing the Caterpillar compact track loader through Tax Exempt Leasing Corp on a three-year term at 5.99% interest. This financing will spread the equipment cost over multiple fiscal years.
Contract Details
Vendor
TAX EXEMPT LEASING CORP
Agency
City of Rock Falls, IL
Contract Type
FINANCIAL_SERVICES
Document Date
April 19, 2026
Contract Term
3-year term
Renewal Info
Financing term is 3 years; any renewal or refinancing options are not specified in the agenda.
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