FINANCIAL_SERVICESONGOING

US Bancorp Lease for Automated Water Meters

The Town of Lovettsville is repaying a US Bancorp governmental lease-financing agreement for automated water meters totaling $425,000 at 3.414% interest. Originated in 2019, the loan has a $280,329 remaining balance and will mature in February 2034.

Status
ONGOING
Document date
July 1, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Us Bancorp (governmental Leasing & Finance)
Agency
Town of Lovettsville · VA

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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
$425,000 original loan; current principal balance $280,329 as of 6/30/25
Contract type
FINANCIAL_SERVICES
Contract term
Origination 2019; maturity date February 2034
Renewal date
2034-02-28
Renewal
Fixed-term governmental lease/loan maturing February 2034; no renewal or extension provisions described.
Document type
Budget
Source document
Town of Lovettsville Budget Fiscal Year 2027 Proposed Budget & Capital Improvement Plan 2026-07-01

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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 Lovettsville?

Us Bancorp (governmental Leasing & Finance) was awarded this financial services contract by Town of Lovettsville, as recorded on July 1, 2026. The contract value is $425,000 original loan; current principal balance $280,329 as of 6/30/25.

How much is the Us Bancorp (governmental Leasing & Finance) contract with Town of Lovettsville worth?

The Us Bancorp (governmental Leasing & Finance) contract with Town of Lovettsville is valued at $425,000 original loan; current principal balance $280,329 as of 6/30/25, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Lovettsville Budget Fiscal Year 2027 Proposed Budget & Capital Improvement Plan 2026-07-01 (Budget), dated July 1, 2026 from Town of Lovettsville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Us Bancorp (governmental Leasing & Finance) hold?

Us Bancorp (governmental Leasing & 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 Us Bancorp (governmental Leasing & Finance)'s profile

What is Town of Lovettsville currently buying?

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

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