Lexington City Schools Awards $3,877,853 Financial Services Contract to Bank of America National Association (May 2020)
Lexington City SchoolsSchool · Lexington, NC- Disclosed value
- $3,877,853
- From contract
- Approved
- May 1, 2020
- Renews
- Free account
The 30-second brief
Lexington City Board of Education entered into an installment financing contract with Bank of America, National Association to borrow $3,877,853 for energy savings equipment projects. The agreement carries a fixed 2.058% interest rate with monthly payments through 2034 and is secured by the equipment and an escrow account under North Carolina statute 160A-20.
Bank of America National Association holds this financial services contract with Lexington City Schools. Its other public contracts on record include work for Maple Valley Public School District 4 and Town of Newtown.
The renewal date is on record. A free account shows it, with the renewals for every Lexington City Schools contract.
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Contract details
- Contract type
- Financial Services
- Amount
- $3,877,853
- Document date
- May 1, 2020
- Term
- May 12, 2020 – May 12, 2034 (monthly amortization schedule, early prepayment allowed)
- Renews
- Free account
- Agency
- Lexington City Schools
- Source document
- lexington-city-schools-installment-financing-contract-may-1-2020_a96.pdf (Contract)
Bank of America National Association's other public contracts
More Lexington City Schools contracts
Questions about this contract
Who was awarded the financial services contract by Lexington City Schools?
Bank of America National Association was awarded this financial services contract by Lexington City Schools, as recorded on May 1, 2020. The contract value is $3,877,853.
How much is the Bank of America National Association contract with Lexington City Schools worth?
The Bank of America National Association contract with Lexington City Schools is valued at $3,877,853, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a contract record.
Where was this contract approved?
This contract appears in lexington-city-schools-installment-financing-contract-may-1-2020_a96.pdf (Contract), dated May 1, 2020 from Lexington City Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bank of America National Association hold?
Bank of America National Association 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 Lexington City Schools currently buying?
Explore Lexington City Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.