City of Coffee City Council Meeting Minutes March 2026
Coffee City approves Austin Bank fire truck loan
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Description
The Coffee City Council approved securing a $451,000 loan from Austin Bank to purchase a new fire truck, with $300,000 to be reimbursed by a Texas Forest Service grant. The five-year loan will begin after an estimated two-month interest-only period while grant funds are processed.
Contract Details
Contract Amount
$451,000 (fire truck purchase financed; $300,000 offset by Forest Service Grant, $151,000 city share)
Vendor
AUSTIN BANK
Agency
City of Coffee, TX
Contract Type
FINANCIAL_SERVICES
Document Date
March 2, 2026
Contract Term
5-year term; initial 2 months interest-only at 6.75% until grant funds received
Renewal Info
Single 5-year loan term for fire truck financing; no renewals described in the minutes.
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