Backhoe lease financing with Midland Equipment Finance
Town of Deer IsleCity · ME- Disclosed value
- $36,553 (total payments including interest); $34,032 outstanding at December 31, 2021
- From financial report
- Document date
- Dec 31, 2021
The 30-second brief
The Town of Deer Isle continues its five-year capital lease with Midland Equipment Finance for a backhoe acquired in December 2019. With $34,032 in principal outstanding at year end, the Town will make monthly payments of $1,015 at 4.70% interest 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 executed December 2019; annual debt service through 2024.
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Contract details
- Contract type
- Equipment
- Amount
- $36,553 (total payments including interest); $34,032 outstanding at December 31, 2021
- Document date
- December 31, 2021
- Term
- Five-year capital lease executed December 2019; annual debt service through 2024
- Agency
- Town of Deer Isle
- Source document
- town_of_deer_isle_maine_financial_statements_and_i.pdf (Financial 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 $36,553 (total payments including interest); $34,032 outstanding at December 31, 2021.
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 $36,553 (total payments including interest); $34,032 outstanding at December 31, 2021, covering equipment work.
What type of contract is this?
This is a Equipment contract, documented as a financial report record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in town_of_deer_isle_maine_financial_statements_and_i.pdf (Financial 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.