Authorizing the Director of Finance, for and on behalf of the City of Richmond, to enter into an agreement with Sovran Bank, N.A., concerning the financing of certain machinery and equipment purchased or to be purchased on an installment basis pursuant to Section 7.02(f) of the Charter of the City of Richmond, and execute an Equipment Financing Note in the amount of $2,300,000 in conjunction therewith.

What this record is

Held by

Sovran Bank

Amount

$2.30M

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

contract

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Read automatically from the title of the official record. The source document below is authoritative.

Committee

City Council

Introduced

August 13, 2025

On agenda

June 22, 1987

Passed

June 22, 1987

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