Commissioners Court Meeting

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Meeting Date:	05/09/2016
Contract w/Capital Corporation (GCC) and Webb County
Submitted for:	Rose Magana	Submitted By:	Rose Magana
Department:	Commissioners Court

Subject:

Discussion and possible action to approve a Resolution for the purpose of authorizing a contract with Government Capital Corporation (GCC) and Webb County for the purpose of financing Two (2) dump trucks, One (1) fork lift, Two (2) belly dump trucks and related equipment for the Road & Bridge department, in an amount not to exceed $357,000.00, with a proposed financing term of Five (5) years with annual payments of $78,073.58. With further action authorizing the County Attorney’s office to prepare and finalize all related documents with final authorization from the County Judge; and any other matters incident thereto. [Sponsored by John Galo, Commissioner Pct. 3]

Background:

n/a

Previous Court Action:

Fiscal Impact

Budget Account Number:	n/a
Funding Source:	n/a
Balance:	n/a
Financial Impact:
n/a

Attachments
resolution
loan quote
Capital Corp.