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Council extends Public Funds Agreement with Happy State Bank through 2028
Summary
Cactus City Council voted to extend the city's Public Funds Agreement with Happy State Bank from April 1, 2026, through March 31, 2028; Alderman Lorenzo Castaneda moved the extension and Alderman Cleo Castro seconded.
The council voted to extend the Public Funds Agreement with Happy State Bank for an additional two-year term, covering April 1, 2026, through March 31, 2028. Alderman Lorenzo Castaneda moved the extension and Alderman Cleo Castro seconded; the motion carried on a voice vote.
The transcript records no further discussion about rates, collateral, or other financing terms. The extension was presented as a routine biennial option in the city's contracting practice; no amendments were recorded.
