City of Texarkana Board of Directors Agenda 2026-06-01
City Approves Financing for New Fire Pumper Apparatus
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Description
Texarkana approved a finance agreement with Government Capital Corporation to fund a $675,384 fire pumper purchase, with ten annual payments of $88,782.39 starting June 2027. The financing supports replacement of a 2012 pumper now moving to reserve status.
Contract Details
Contract Amount
$675,384.00 financed; $88,782.39 annual payments for 10 years
Vendor
GOVERNMENT CAPITAL CORPORATION
Agency
City of Texarkana, AR
Contract Type
FINANCIAL_SERVICES
Document Date
June 1, 2026
Contract Term
10 years, with yearly payments starting June 2027
Renewal Date
2037-06-01
Renewal Info
Tax-exempt financing with $1.00 purchase option over 10 annual payments; no renewal or extension options described.
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