Clay County Commission Business Session Agenda April 16 2026
NCL Proposes Five-Year Lease For RS460 Equipment
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Description
Lease Servicing Center Inc. dba NCL Government Capital proposed a five‑year tax‑exempt municipal lease to finance Clay County’s acquisition of a 2024 RS460, funding $629,485.00 with annual payments of $141,367.70. The lease includes a $500 documentation fee and fixed payments over the term.
Contract Details
Contract Amount
$141,367.70 annually for 5 years (amount financed $629,485.00)
Vendor
LEASE SERVICING CENTER INC DBA NCL GOVERNMENT CAPITAL
Agency
Clay County, MO
Contract Type
FINANCIAL_SERVICES
Document Date
April 16, 2026
Contract Term
5 years, funding date April 20, 2026; first payment due May 30, 2026
Renewal Date
2031-05-30
Renewal Info
Fixed five‑year lease with no balloon payment; any renewal or extension would require a new agreement after term end.
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