CONTRACTAPPROVED

Summit County Awards Equipment Contract to Bank of America National Association (July 2026)

Summit County logoSummit County
Disclosed value
$2,154,465.00 Acquisition Amount; total rentals $2,326,344.80
From agreement
Approved
Jul 19, 2026
Renews
Free account

The 30-second brief

What it covers

Summit County Government entered into Equipment Schedule No. 5 with Bank of America, National Association to finance $2,154,465.00 of heavy equipment through a lease-purchase structure. The five-year schedule runs through August 6, 2030 with annual rental payments totaling $2,326,344.80 and includes an 18‑month acquisition period funded via escrow.

Who holds it

Bank of America National Association holds this equipment contract with Summit County. Its other public contracts on record include work for Maple Valley Public School District 4 and Town of Newtown.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every Summit County contract.

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Contract details

Contract type
Equipment
Amount
$2,154,465.00 Acquisition Amount; total rentals $2,326,344.80
Document date
July 19, 2026
Term
Original Term plus four consecutive Renewal Terms, final Renewal Term ending on August 6, 2030; Acquisition Period 18 months from August 6, 2026
Renews
Free account
Source document
Summit County Government Equipment Schedule No. 5 Agreement 2026-08-06 (Agreement)

Bank of America National Association's other public contracts

More Summit County contracts

Questions about this contract

Who was awarded the equipment contract by Summit County?

Bank of America National Association was awarded this equipment contract by Summit County, as recorded on July 19, 2026. The contract value is $2,154,465.00 Acquisition Amount; total rentals $2,326,344.80.

How much is the Bank of America National Association contract with Summit County worth?

The Bank of America National Association contract with Summit County is valued at $2,154,465.00 Acquisition Amount; total rentals $2,326,344.80, covering equipment work.

What type of contract is this?

This is a Equipment contract, documented as a agreement record.

Where was this contract approved?

This contract appears in Summit County Government Equipment Schedule No. 5 Agreement 2026-08-06 (Agreement), dated July 19, 2026 from Summit County. 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 Summit County currently buying?

Explore Summit County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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