Backhoe lease ongoing with Midland Equipment Finance
Town of Deer IsleCity · ME- Disclosed value
- $34,032 outstanding; monthly payment $1,015 including interest; total remaining scheduled payments $36,553
- From report
- Document date
- Dec 31, 2021
The 30-second brief
The Town of Deer Isle continues to finance a backhoe through a five-year capital lease with Midland Equipment Finance, carrying an outstanding principal of $34,032 as of December 31, 2021. The agreement features monthly payments of $1,015 at 4.70% interest, with remaining principal due through 2024.
Midland Equipment Finance holds this equipment contract with Town of Deer Isle. Its other public contracts on record include work for Town of Ottawa and Town of South Ottawa.
Term as filed: Five-year capital lease entered December 2019; scheduled principal payments 2022–2024.
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Contract details
- Contract type
- Equipment
- Amount
- $34,032 outstanding; monthly payment $1,015 including interest; total remaining scheduled payments $36,553
- Document date
- December 31, 2021
- Term
- Five-year capital lease entered December 2019; scheduled principal payments 2022–2024
- Agency
- Town of Deer Isle
- Source document
- town-of-deer-isle-financial-statements-with-independent-auditor-s-report-dec-31-2021_38b.md (Report)
Midland Equipment Finance's other public contracts
More Town of Deer Isle contracts
Questions about this contract
Who was awarded the equipment contract by Town of Deer Isle?
Midland Equipment Finance was awarded this equipment contract by Town of Deer Isle, as recorded on December 31, 2021. The contract value is $34,032 outstanding; monthly payment $1,015 including interest; total remaining scheduled payments $36,553.
How much is the Midland Equipment Finance contract with Town of Deer Isle worth?
The Midland Equipment Finance contract with Town of Deer Isle is valued at $34,032 outstanding; monthly payment $1,015 including interest; total remaining scheduled payments $36,553, covering equipment work.
What type of contract is this?
This is a Equipment contract, documented as a report record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in town-of-deer-isle-financial-statements-with-independent-auditor-s-report-dec-31-2021_38b.md (Report), dated December 31, 2021 from Town of Deer Isle. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Midland Equipment Finance hold?
Midland 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.
What is Town of Deer Isle currently buying?
Explore Town of Deer Isle's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.