Caney Creek Municipal Utility District Board Meeting Minutes March 2026
District Approves Smart Meter Lease with Government Capital
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Description
Caney Creek Municipal Utility District approved a seven-year lease-purchase agreement with Government Capital Corporation to acquire 280 smart meters. The agreement carries approximately 5.38% interest with annual payments of $34,864.51, subject to IRS compliance requirements.
Contract Details
Contract Amount
Annual payments of $34,864.51 for 7 years
Vendor
GOVERNMENT CAPITAL CORPORATION
Agency
Caney Creek Mud Of Matagorda County, TX
Contract Type
EQUIPMENT
Document Date
March 9, 2026
Contract Term
Seven (7) years at approximately 5.38% interest
Renewal Info
Fixed-term seven-year lease-purchase; no renewal terms mentioned.
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