City of Ocilla Regular Monthly Meeting Minutes February 2026
Community Bank Bids on $1M City TAN
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Description
Community Bank submitted a bid to provide the City of Ocilla with a $1,000,000 Tax Anticipation Note at a 0.60% interest rate. The financing would support the City’s short-term cash flow needs pending council approval.
Contract Details
Contract Amount
$1,000,000.00 at 0.60% interest
Vendor
COMMUNITY BANK
Agency
City of Ocilla, GA
Contract Type
FINANCIAL_SERVICES
Document Date
February 16, 2026
Contract Term
Tax Anticipation Note dated March 6, 2026
Renewal Date
2026-12-31
Renewal Info
Single-year Tax Anticipation Note; renewals or future TANs would require new bids or agreements.
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