New Boston City Council Meeting Agenda February 2026
City Mulls Equipment Financing with Guaranty Bank & Trust
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Description
New Boston City Council will consider financing a $64,381.64 Caterpillar track hoe purchase through Guaranty Bank & Trust. The proposed loan would run for either three or five years with quarterly payments and a promissory note executed by the City Administrator.
Contract Details
Contract Amount
$64,381.64 (financed)
Vendor
GUARANTY BANK & TRUST
Agency
City of New Boston, TX
Contract Type
FINANCIAL_SERVICES
Document Date
February 19, 2026
Contract Term
Either 3 years (estimated $5,789.19 quarterly) or 5 years (estimated $3,624.21 quarterly)
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