CITY APPROVES FINANCING FOR EQUIPMENT

  

The Brenham City Council approved a financing agreement with a bank to purchase equipment this (Monday) morning.

The council held a special meeting to adopt a resolution declaring the city’s intent to approve financing with JPMorgan Chase Bank for the lease purchase of 11 pieces of equipment for various city departments.

The city will finance $1,918,081 through the bank. The interest rate will be 2.2-percent. Annual payments of $298,649 will be spread out over seven years.

What’s your Reaction?
+1
0
+1
0
+1
0
Back to top button