City Plans Lease-Purchase Financing With JPMorgan Chase
City of West ValleyCity · West Valley City, UT- Disclosed value
- $1,985,461.00 (total scheduled lease payments $2,358,756.10; annual payments $235,875.61)
- From minutes
- Document date
- Jun 23, 2026
- Term
- 10 years
The 30-second brief
West Valley City plans to enter a 10-year master lease-purchase and escrow agreement with JPMorgan Chase Bank, N.A. to finance a Pierce aerial ladder fire truck and equipment, with $1,985,461 financed and total scheduled payments of $2,358,756.10. The agreement will provide annual payments of $235,875.61 at an estimated 4.0530% interest, after which the City will own the equipment.
Jpmorgan Chase Bank NA holds this financial services contract with City of West Valley. Its other public contracts on record include work for Housing Finance Authority of Miami-Dade County and Research Triangle Regional Public Transportation Authority.
Term as filed: 10 years.
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Contract details
- Contract type
- Financial Services
- Amount
- $1,985,461.00 (total scheduled lease payments $2,358,756.10; annual payments $235,875.61)
- Document date
- June 23, 2026
- Term
- 10 years
- Vendor
- Jpmorgan Chase Bank NA
- Agency
- City of West Valley
- Source document
- West Valley City Minutes Council Study Meeting 2026-06-23 (Minutes)
Jpmorgan Chase Bank NA's other public contracts
More City of West Valley contracts
Questions about this contract
Who was awarded the financial services contract by City of West Valley?
Jpmorgan Chase Bank NA was awarded this financial services contract by City of West Valley, as recorded on June 23, 2026. The contract value is $1,985,461.00 (total scheduled lease payments $2,358,756.10; annual payments $235,875.61).
How much is the Jpmorgan Chase Bank NA contract with City of West Valley worth?
The Jpmorgan Chase Bank NA contract with City of West Valley is valued at $1,985,461.00 (total scheduled lease payments $2,358,756.10; annual payments $235,875.61), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in West Valley City Minutes Council Study Meeting 2026-06-23 (Minutes), dated June 23, 2026 from City of West Valley. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Jpmorgan Chase Bank NA hold?
Jpmorgan Chase Bank NA 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 City of West Valley currently buying?
Explore City of West Valley's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.