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Council selects First National Bank for land and vehicle financing at roughly 4.25%
2987154 · April 15, 2025
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Summary
After reviewing bids, Newcastle staff and council selected First National Bank to finance a roughly 10-acre land purchase and three tractor trucks; council approved long‑term financing for the property and a 36‑month term for vehicles at about 4.25% interest.
The Newcastle City Council voted April 14 to accept financing proposals from First National Bank for two separate purchases: a real estate acquisition of roughly 10 acres at 1880 North (packet description) and three tractor trucks.
Staff recommended First National after comparing multiple proposals.…
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