City of LaGrange Annual Budget FY 2026-27 2026-05-12
Police Vehicles Financed Via GMA Lease Pool
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Description
LaGrange uses the GMA Lease Pool to finance fourteen police vehicles and accessories under a 5‑year lease-purchase arrangement totaling $375,621 at 4.52% interest. The City will continue servicing this debt in FY 2027.
Contract Details
Contract Amount
$375,621
Vendor
GMA LEASE POOL
Agency
City of LaGrange, GA
Contract Type
EQUIPMENT
Document Date
May 12, 2026
Contract Term
Max 5 years
Renewal Info
Standard GMA lease-pool amortization; no renewal terms referenced beyond scheduled payoff within maximum 5‑year term.
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