US Bancorp Backhoe Lease Proposal Rejected
Town of Otterbein townCity · IN- Disclosed value
- $113,000 lease; $9,943.64 down payment; 4.618% interest for 7 years (not selected)
- From minutes
- Document date
- Dec 4, 2025
The 30-second brief
The Otterbein Town Council reviewed a lease proposal through the Indiana Bond Bank from US Bancorp for a $113,000 backhoe at 4.618% interest over seven years with a $9,943.64 down payment. The council rejected this option in favor of a more favorable offer from another bank.
Us Bancorp holds this equipment contract with Town of Otterbein town. Its other public contracts on record include work for City of Miami and Placer Mosquito & Vector Control District.
Term as filed: 7-year lease at 4.618% interest (proposal only).
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Contract details
- Contract type
- Equipment
- Amount
- $113,000 lease; $9,943.64 down payment; 4.618% interest for 7 years (not selected)
- Document date
- December 4, 2025
- Term
- 7-year lease at 4.618% interest (proposal only)
- Vendor
- Us Bancorp
- Agency
- Town of Otterbein town
- Source document
- Otterbein Town Council Minutes 2025-12-04 (Minutes)
Us Bancorp's other public contracts
More Town of Otterbein town contracts
Questions about this contract
Who was awarded the equipment contract by Town of Otterbein town?
Us Bancorp was awarded this equipment contract by Town of Otterbein town, as recorded on December 4, 2025. The contract value is $113,000 lease; $9,943.64 down payment; 4.618% interest for 7 years (not selected).
How much is the Us Bancorp contract with Town of Otterbein town worth?
The Us Bancorp contract with Town of Otterbein town is valued at $113,000 lease; $9,943.64 down payment; 4.618% interest for 7 years (not selected), 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 Otterbein Town Council Minutes 2025-12-04 (Minutes), dated December 4, 2025 from Town of Otterbein town. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Us Bancorp hold?
Us Bancorp 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 Otterbein town currently buying?
Explore Town of Otterbein town's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.