City of New Boston Council Meeting Minutes February 2026
Council Tables Caterpillar Track Hoe Financing Decision
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Description
New Boston council considered financing a $64,381.64 Caterpillar Model 304 track hoe through Guaranty Bank & Trust with 3- and 5-year quarterly payment options. The financing and purchase decision were tabled until the March meeting.
Contract Details
Contract Amount
$64,381.64 (financing options: 3 years at $5,789.19 quarterly or 5 years at $3,624.21 quarterly)
Vendor
GUARANTY BANK & TRUST
Agency
City of New Boston, TX
Contract Type
FINANCIAL_SERVICES
Document Date
February 19, 2026
Contract Term
Option 1: 3 years quarterly payments; Option 2: 5 years quarterly payments
Renewal Info
Financing arrangement for equipment purchase was not approved; decision deferred to a future meeting.
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