Civic IQ
FINANCIAL_SERVICESAPPROVED

City of Cottonwood Shores Regular City Council Meeting Agenda April 16 2026

Security State Bank to Finance Police Vehicle Purchase

$133,456.00 60-month loanCity of Cottonwood ShoresSECURITY STATE BANK & TRUSTApril 16, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The City of Cottonwood Shores will finance its two new police interceptor vehicles with a $133,456, 60-month loan from Security State Bank and Trust. The Crime Control and Prevention District will fully reimburse the loan payments.

Contract Details

Contract Amount

$133,456.00 60-month loan

Vendor

SECURITY STATE BANK & TRUST

Agency

City of Cottonwood Shores, TX

Contract Type

FINANCIAL_SERVICES

Document Date

April 16, 2026

Contract Term

60 months

Renewal Date

2031-03-19

Renewal Info

Standard 60-month loan for vehicle acquisition; no renewal or extension terms stated.

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