U.S. Bank Lease Option Evaluated But Not Chosen

Scope & details

The full contract record, as filed.

Contract amount

$670,000 (illustrative equipment lease)

Contract type

FINANCIAL_SERVICES

Contract term

10-year equipment lease, final maturity July 15, 2035

Renewal date

2035-07-15

Renewal

Lease proposal included prepayment after 13 months at 103% of remaining principal, with partial prepayments permitted for totaled vehicles; the offer was not accepted so no lease term was initiated.

Document type

Agenda

Source document

Colonial Beach Town Council Work Session Agenda February 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Colonial Beach?

U.s. Bancorp Government Leasing and Finance was awarded this financial services contract by Town of Colonial Beach, as recorded on February 4, 2026. The contract value is $670,000 (illustrative equipment lease).

How much is the U.s. Bancorp Government Leasing and Finance contract with Town of Colonial Beach worth?

The U.s. Bancorp Government Leasing and Finance contract with Town of Colonial Beach is valued at $670,000 (illustrative equipment lease), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Colonial Beach Town Council Work Session Agenda February 2026 (Agenda), dated February 4, 2026 from Town of Colonial Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does U.s. Bancorp Government Leasing and Finance hold?

U.s. Bancorp Government Leasing and 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.

View U.s. Bancorp Government Leasing and Finance's profile

What is Town of Colonial Beach currently buying?

Explore Town of Colonial Beach's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Colonial Beach's profile