Newtown Proposes Bank of America Equipment Lease Financing
Town of NewtownCity · Newtown, CT- Disclosed value
- Aggregate principal component of Rental Payments not to exceed $1,600,000
- From minutes
- Document date
- Aug 17, 2026
- Renews
- Free account
The 30-second brief
Newtown's proposed resolution would authorize a master equipment lease/purchase agreement with Bank of America, National Association, to finance public works and Parks and Recreation equipment, vehicles, airpacks, dump trucks, and sweeper replacements. The arrangement would cover up to $1.6 million in aggregate principal, with leases limited to seven years and interest capped at 5% or the legal maximum, whichever is lower.
Bank of America National Association holds this financial services 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.
Know when this contract comes back up.
See the renewal dateFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Amount
- Aggregate principal component of Rental Payments not to exceed $1,600,000
- Document date
- August 17, 2026
- Term
- Maximum seven years per lease; authorization remains in effect for two years from the resolution date
- Renews
- Free account
- Agency
- Town of Newtown
- Source document
- Newtown Board of Selectmen Minutes 2026-08-17 (Minutes)
Bank of America National Association's other public contracts
More Town of Newtown contracts
Questions about this contract
Who was awarded the financial services contract by Town of Newtown?
Bank of America National Association was awarded this financial services contract by Town of Newtown, as recorded on August 17, 2026. The contract value is Aggregate principal component of Rental Payments not to exceed $1,600,000.
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, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Newtown Board of Selectmen Minutes 2026-08-17 (Minutes), dated August 17, 2026 from Town of Newtown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
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.