City of LaGrange Annual Budget FY 2026-27 2026-05-12
Chiller Lease for Sweetland on Ice Nears Payoff
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Description
LaGrange is nearing completion of payments on a $253,734 GMA Lease Pool at 4.52% that financed the chiller for Sweetland on Ice, under a 5‑year term. The final balance will be paid using hotel/motel Tourism Product Development funds.
Contract Details
Contract Amount
$253,734
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 scheduled to amortize within five years; no explicit renewal after final TPD-funded payment.
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