City of Aransas Pass Agenda 2026-06-01
City Weighs HVAC Financing with Government Capital
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Description
Aransas Pass City Council will consider a financing agreement with Government Capital Corporation to fund a $41,861 replacement HVAC system for City Hall, with annual payments over two or three years at 5.313% interest. The resolution would also authorize the City Manager to sign all related financing documents.
Contract Details
Contract Amount
$41,861 total financed; 3-year option at $15,923.66 per year (5.313% interest) or 2-year option at $23,154.74 per year
Vendor
GOVERNMENT CAPITAL CORPORATION
Agency
City of Aransas Pass city, TX
Contract Type
FINANCIAL_SERVICES
Document Date
June 1, 2026
Contract Term
Proposed 2 payments (2 years) or 3 payments (3 years); payments begin one year from signing, annually thereafter
Renewal Info
Single financing agreement with options for 2-year or 3-year amortization; no automatic renewal described.
More from GOVERNMENT CAPITAL CORPORATION
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