Excavator Lease Supports Sewer Construction Work
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Description
LaGrange continues to pay on a $138,620 GMA Lease Pool at 4.52% to acquire a Caterpillar 299D3XE excavator for sewer operations, under a term not exceeding five years. FY 2027 payments total $28,977.
Contract Details
Contract Amount
$138,620
Vendor
GMA LEASE POOL
Agency
City of LaGrange, GA
Contract Type
EQUIPMENT
Document Date
May 12, 2026
Contract Term
Max 5 years
Renewal Info
Lease-purchase scheduled to amortize within five years; no explicit renewal discussed.
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