FINANCIAL_SERVICESAPPROVED

Town of Cochrane Awards Financial Services Contract to National Bank Equipment Finance (August 2026)

The Town of Cochrane is entering into a five-year TRAC lease with National Bank Equipment Finance to fund a SANY motor grader and wheel loader, with total lease payments of about $601,302.60 and combined residuals of $317,126.27. The arrangement spreads acquisition costs over 60 months and includes early-buyout flexibility and defined residual values.

Document date · August 20, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Monthly lease payments of $6,414.75 (grader) and $3,606.96 (loader), totaling $10,021.71/month; $601,302.60 over 60 months; residuals $317,126.27 combined
Contract type
FINANCIAL_SERVICES
Contract term
60 months (5 years), anticipated October 2026 – September 2031
Renewal date
2031-09-30
Renewal
TRAC lease term of five years with defined residual values; Town may buy out at any time by paying remaining lease payments plus contractual residual and applicable taxes and lien-release fee. No automatic renewal is described; any continuation beyond the term would require a new agreement or purchase at residual value.
Document type
StaffReport
Source document
The Corporation of the Town of Cochrane StaffReport Acquisition of a Motor Grader and Wheel Loader through Lease Financing 2026-08-20

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Cochrane?

National Bank Equipment Finance was awarded this financial services contract by Town of Cochrane, as recorded on August 20, 2026. The contract value is Monthly lease payments of $6,414.75 (grader) and $3,606.96 (loader), totaling $10,021.71/month; $601,302.60 over 60 months; residuals $317,126.27 combined.

How much is the National Bank Equipment Finance contract with Town of Cochrane worth?

The National Bank Equipment Finance contract with Town of Cochrane is valued at Monthly lease payments of $6,414.75 (grader) and $3,606.96 (loader), totaling $10,021.71/month; $601,302.60 over 60 months; residuals $317,126.27 combined, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in The Corporation of the Town of Cochrane StaffReport Acquisition of a Motor Grader and Wheel Loader through Lease Financing 2026-08-20 (StaffReport), dated August 20, 2026 from Town of Cochrane. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does National Bank Equipment Finance hold?

National Bank Equipment Finance may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Town of Cochrane currently buying?

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