City of LaGrange Annual Budget FY 2026-27 2026-05-12
Enterprise Lease Supports Police Fleet Replacement
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Description
The City is in year(s) of a 5‑year Enterprise Lease totaling $1,049,951 for twenty police vehicles acquired over FY 2024 and FY 2025 at an interest rate of 3‑year T‑bill plus 3%. Payments continue in FY 2027 as part of the police fleet financing strategy.
Contract Details
Contract Amount
$1,049,951
Vendor
ENTERPRISE LEASE
Agency
City of LaGrange, GA
Contract Type
EQUIPMENT
Document Date
May 12, 2026
Contract Term
5 years
Renewal Info
Fixed 5‑year lease financing; no explicit renewal or extension options are described in the budget narrative.
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