CONTRACTONGOING

US Bancorp Lease for Automated Water Meters

Town of Lovettsville logoTown of Lovettsville
Disclosed value
$425,000 original loan; current principal balance $280,329 as of 6/30/25
From budget
Document date
Jul 1, 2026
Renews
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The 30-second brief

What it covers

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.

Who holds it

Us Bancorp (Governmental Leasing & Finance) holds this financial services contract with Town of Lovettsville.

What happens next

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Contract details

Contract type
Financial Services
Amount
$425,000 original loan; current principal balance $280,329 as of 6/30/25
Document date
July 1, 2026
Term
Origination 2019; maturity date February 2034
Renews
On record
Vendor
Us Bancorp (Governmental Leasing & Finance)
Source document
Town of Lovettsville Budget Fiscal Year 2027 Proposed Budget & Capital Improvement Plan 2026-07-01 (Budget)

Us Bancorp (Governmental Leasing & Finance)'s other public contracts

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Questions about this contract

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.

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