Town of Newtown Awards Equipment Contract to Bank of America National Association (August 2026)
Town of NewtownCity · Newtown, CT- Disclosed value
- Aggregate principal component of rental payments not to exceed $1,600,000; maximum interest rate of the lesser of the legal maximum or 5% per annum
- From minutes
- Approved
- Aug 19, 2026
- Renews
- Free account
The 30-second brief
Newtown approved a master equipment lease/purchase financing arrangement with Bank of America, National Association. The authorization covers up to $1.6 million in principal for municipal equipment and vehicles, with individual leases limited to seven years and the authorization available for two years.
Bank of America National Association holds this equipment contract with Town of Newtown. Its other public contracts on record include work for Maple Valley Public School District 4 and Summit County.
The renewal date is on record. A free account shows it, with the renewals for every Town of Newtown contract.
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Contract details
- Contract type
- Equipment
- Amount
- Aggregate principal component of rental payments not to exceed $1,600,000; maximum interest rate of the lesser of the legal maximum or 5% per annum
- Document date
- August 19, 2026
- Term
- Authorization effective for two years from August 19, 2026; each individual lease may have a maximum term of seven years
- Renews
- Free account
- Agency
- Town of Newtown
- Source document
- Newtown Legislative Council Minutes 2026-08-19 (Minutes)
Bank of America National Association's other public contracts
More Town of Newtown contracts
Questions about this contract
Who was awarded the equipment contract by Town of Newtown?
Bank of America National Association was awarded this equipment contract by Town of Newtown, as recorded on August 19, 2026. The contract value is Aggregate principal component of rental payments not to exceed $1,600,000; maximum interest rate of the lesser of the legal maximum or 5% per annum.
How much is the Bank of America National Association contract with Town of Newtown worth?
The Bank of America National Association contract with Town of Newtown is valued at Aggregate principal component of rental payments not to exceed $1,600,000; maximum interest rate of the lesser of the legal maximum or 5% per annum, covering equipment work.
What type of contract is this?
This is a Equipment contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Newtown Legislative Council Minutes 2026-08-19 (Minutes), dated August 19, 2026 from Town of Newtown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bank of America National Association hold?
Bank of America National Association 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 Newtown currently buying?
Explore Town of Newtown's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.