City of Covington Council Meeting Minutes March 2026
Synovus Bank Named Tenant in Foreclosure Consent
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Description
The Covington City Council authorized a Landlord Agreement Consent and Waiver that would recognize Synovus Bank as tenant if it forecloses on Archer Aviation’s leasehold interest. The agreement imposes no financial risk on the City and remains subject to FAA and GDOT approvals.
Contract Details
Vendor
SYNOVUS BANK
Agency
City of Covington, GA
Contract Type
FINANCIAL_SERVICES
Document Date
March 16, 2026
Renewal Info
Consent runs concurrent with the financed lease term; no explicit renewal terms were provided in the minutes.
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