Town of Bridgewater Council Meeting Agenda May 12 2026
Town Authorizes ATM Lease With Wells Fargo at Park
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Description
The Town of Bridgewater authorized staff to execute a lease with Wells Fargo Bank, N.A. for an ATM at Generations Park at an annual rent of $7,500, with the bank covering installation and utility costs. Council approval allows up to 90 days to finalize the multi‑year lease, expected to include several renewable terms.
Contract Details
Contract Amount
$7,500 annually
Vendor
WELLS FARGO BANK NA
Agency
City of Bridgewater, IA
Contract Type
FACILITIES
Document Date
May 12, 2026
Contract Term
Initial 5-year term with potential additional 5-year terms; discussion of three 5-year terms vs. five 3-year terms; 90-day council authorization window to finalize
Renewal Info
Draft lease discussed as a 5‑year term renewable for an additional 5 years; staff suggested revising three 5‑year terms to five 3‑year terms, but final structure remains under negotiation within the 90‑day authorization period.
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