City of Alba Regular City Council Meeting Minutes 2026-05-04
City Approves Bank Financing For New Brush Truck
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Description
The Alba City Council authorized financing a $270,000 demo F‑550 brush/rescue truck for the fire department through Community First National Bank on a 12‑year term, potentially with a $30,000 down payment. The fire department will fund the entire purchase without direct city contribution, resolving reliability issues with an aging 2004 brush truck.
Contract Details
Contract Amount
$270,000 (estimated principal), potential $30,000 down payment
Vendor
COMMUNITY FIRST NATIONAL BANK
Agency
Town of Alba town, TX
Contract Type
FINANCIAL_SERVICES
Document Date
May 4, 2026
Contract Term
12-year term
Renewal Date
2038-05-04
Renewal Info
Financing runs for a 12-year term through Community First National Bank; no renewal terms are noted, and the obligation will end when the loan is repaid.
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