city-of-royston-meeting-minutes-august-25-2025_9a1.pdf
Northeast Georgia Bank to finance gas project
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Description
Northeast Georgia Bank is set to finance Royston's 2025 Natural Gas Capacity Expansion Project with a $6,000,000 capital lease at a low bid of 3.99%. The agreement allows the Gas Authority to construct and own the system, leasing it to the city until paid off.
Contract Details
Contract Amount
$6,000,000
Vendor
NORTHEAST GEORGIA BANK
Agency
City of Royston, GA
Contract Type
Financing
Document Date
August 25, 2025
Contract Term
NA
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