Traditions Bank Financing Option for Garbage Truck Discussed
City of DemorestCity · GA- Disclosed value
- Approximately $3,387 per month for 7 years at 6.25%
- From minutes
- Document date
- Aug 5, 2025
- Term
- 7 years
The 30-second brief
The council considered Traditions Bank’s 7-year, 6.25% financing proposal for a new garbage truck, with estimated monthly payments of $3,387. This loan option would also be serviced from monthly garbage fee revenues.
Traditions Bank holds this financial services contract with City of Demorest. Its other public contracts on record include work for Town of Priceville.
Term as filed: 7 years.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $3,387 per month for 7 years at 6.25%
- Document date
- August 5, 2025
- Term
- 7 years
- Vendor
- Traditions Bank
- Agency
- City of Demorest
- Source document
- city-of-demorest-city-council-work-session-minutes-august-5-2025_7e3.pdf (Minutes)
Traditions Bank's other public contracts
More City of Demorest contracts
Questions about this contract
Who was awarded the financial services contract by City of Demorest?
Traditions Bank was awarded this financial services contract by City of Demorest, as recorded on August 5, 2025. The contract value is Approximately $3,387 per month for 7 years at 6.25%.
How much is the Traditions Bank contract with City of Demorest worth?
The Traditions Bank contract with City of Demorest is valued at Approximately $3,387 per month for 7 years at 6.25%, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in city-of-demorest-city-council-work-session-minutes-august-5-2025_7e3.pdf (Minutes), dated August 5, 2025 from City of Demorest. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Traditions Bank hold?
Traditions Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Demorest currently buying?
Explore City of Demorest's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.