City of Borger City Council Meeting Agenda 2026-06-02
Council Approves Development Loan for 7:12 General Contractors
Trusted by teams at
Description
The City Council approved a $200,000 loan agreement with 7:12 General Contractors, LLC to finance continued housing construction in Yucca Estates Unit No. 5, to be repaid over five years at 7.75% interest.
Contract Details
Contract Amount
$200,000
Vendor
7:12 GENERAL CONTRACTORS LLC
Agency
City of Borger, TX
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Contract Term
5 years (monthly payments)
Renewal Date
2031-05-19
Renewal Info
Five-year loan with collateral and owner guaranty; standard loan repayment schedule applies.
More from City of Borger
City of Borger City Council Meeting Agenda 2026-06-02
City of Borger City Council Meeting Agenda 2026-06-02
City of Borger City Council Meeting Agenda 2026-06-02
City of Borger City Council Meeting Agenda 2026-06-02
City of Borger City Council Meeting Agenda 2026-06-02
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.