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City selects Bank of America at 3.31% for annual equipment financing
Aurora City Management and Finance Policy Committee · November 4, 2025
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Summary
The finance department reported it completed the annual equipment and vehicle financing after an RFP that drew eight responses; Bank of America was selected at a 3.31% rate and offers favorable prepayment terms after two years, staff said.
Mitchell Stamp, senior debt treasury analyst, briefed the committee on the city’s annual equipment and vehicle financing. The RFP received eight proposals and staff selected…
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