Village Weighs Lease Financing From First Government Lease Co. | University Park village (pt.) | FIRST GOVERNMENT LEASE CO

Scope & details

The full contract record, as filed.

Contract amount

Up to $177,859.29 financed; 5 Years: $3,853.62/month at 5.99% fixed (total lease price $231,217.20); 7 Years: $3,154.88/month at 6.99% fixed (total lease price $265,009.92); 10 Years: $2,519.67/month at 6.99% fixed (total lease price $302,360.40)

Contract type

EQUIPMENT

Contract term

Alternative terms: 5-year, 7-year, or 10-year lease-purchase options beginning 09/20/2023 or 10/03/2023, with first payments due 11/01/2023 or 12/01/2023

Renewal date

2033-10-03

Renewal

Lease purchase agreements specify fixed terms of 5, 7, or 10 years; no renewal or extension options are described.

Document type

Meeting Minutes

Source document

university-park-meeting-minutes-2023-10-10-pdf_811.pdf

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University Park village (pt.), IllinoisUp to $177,859.29; 7-year lease total $265,009.92 ($3,154.88 per month)Sep 26, 2023

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the equipment contract by University Park village (pt.)?

First Government Lease Co was awarded this equipment contract by University Park village (pt.), as recorded on October 10, 2023. The contract value is Up to $177,859.29 financed; 5 Years: $3,853.62/month at 5.99% fixed (total lease price $231,217.20); 7 Years: $3,154.88/month at 6.99% fixed (total lease price $265,009.92); 10 Years: $2,519.67/month at 6.99% fixed (total lease price $302,360.40).

How much is the First Government Lease Co contract with University Park village (pt.) worth?

The First Government Lease Co contract with University Park village (pt.) is valued at Up to $177,859.29 financed; 5 Years: $3,853.62/month at 5.99% fixed (total lease price $231,217.20); 7 Years: $3,154.88/month at 6.99% fixed (total lease price $265,009.92); 10 Years: $2,519.67/month at 6.99% fixed (total lease price $302,360.40), covering equipment work.

What type of contract is this?

This is a Equipment contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in university-park-meeting-minutes-2023-10-10-pdf_811.pdf (Meeting Minutes), dated October 10, 2023 from University Park village (pt.). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Government Lease Co hold?

First Government Lease Co may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is University Park village (pt.) currently buying?

Explore University Park village (pt.)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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