West Branch City Council Minutes 2026-05-18
Huron Community Bank to Finance Vactor Truck
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Description
The West Branch City Council approved an installment purchase financing arrangement with Huron Community Bank for up to $240,000 to fund a 2014 Vactor 2100 Truck at 3.99% interest. The debt will be repaid over a term not to exceed six years under an Act 99 agreement assigned to the bank.
Contract Details
Contract Amount
Not to exceed $240,000 (principal financed)
Vendor
HURON COMMUNITY BANK
Agency
Town of West Branch, MI
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
Installment purchase agreement, term not to exceed six (6) years, interest at 3.99% per annum
Renewal Info
Installment Purchase Agreement will provide financing for up to six years at 3.99% interest; no renewals or extensions specified.
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