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Quorum Court authorizes loan agreements to cover balloon payments on county graders
Summary
The Quorum Court approved a resolution authorizing the county judge to enter into loan agreements with First Service Bank to finance balloon payments on John Deere graders that come due through January 2025; the county said loan payments were included in the 2024 budget.
The Quorum Court authorized Resolution R202403, which authorizes the county judge to enter loan agreements with First Service Bank to finance balloon payments on John Deere graders that are scheduled to come due between now and January 2025.
The resolution text, read by title, said the county purchased road graders through John Deere with 60-month terms and balloon payments due at the end…
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