City of Early Council Meeting Minutes January 2026
City Approves $500,000 Promissory Note with MC Bank
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Description
The City of Early approved Resolution 2026-R01 authorizing a $500,000 promissory note with MC Bank. The 12-month balloon note, amortized over 10 years with an annual renewal option, will reimburse the General Fund for a property purchase and Town Center playground equipment.
Contract Details
Contract Amount
$500,000
Vendor
MC BANK
Agency
City of Early, TX
Contract Type
FINANCIAL_SERVICES
Document Date
January 13, 2026
Contract Term
12-month balloon note with 10-year amortization and annual renewal option
Renewal Info
12-month balloon note with 10-year amortization and an annual renewal option; payments start in FY 2026/2027.
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