Winnsboro Economic Development Called Meeting Agenda April 30, 2026
WEDC Real Estate Loan with Government Capital Continues
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Description
Winnsboro Economic Development Corporation continues to finance the purchase of economic development real property through a loan agreement with Government Capital Corporation. The City has committed to reimburse WEDC for half of the loan payments under an Interlocal Agreement to support the project.
Contract Details
Vendor
GOVERNMENT CAPITAL CORPORATION
Agency
City of Winnsboro city, TX
Contract Type
FINANCIAL_SERVICES
Document Date
April 30, 2026
Renewal Info
Loan is documented in an agreement attached as Exhibit B to the Interlocal Agreement; City will reimburse WEDC for 50% of all payments made under the loan. Specific maturity date and amortization details are contained in Exhibit B, not included in this document.
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