Pendergrass City Hall Council Meeting Minutes November 2025
City Negotiates Early Payoff of Police Department Loan with CADE Partners
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Description
Pendergrass City Council is in negotiations with CADE Partners over early payoff terms of a loan for the Police Department building. CADE Partners has offered a $50,000 reduction in the outstanding balance, which is about $414,000, if the City pays off the loan early. The agreement was originally made to settle a prior lawsuit and CADE Partners holds the deed to the property.
Contract Details
Contract Amount
About $414,000 (with $50,000 potential reduction if paid early)
Vendor
CADE PARTNERS
Agency
Town of Pendergrass, GA
Contract Type
FINANCIAL_SERVICES
Document Date
November 20, 2025
Renewal Info
Potential early payoff under negotiation; $50,000 incentive for early payment being discussed.
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City of Pendergrass Council Meeting Minutes November 2025
ONGOINGcity_council_meeting_agenda_november_18_2025.pdf
NAcity_council_meeting_agenda_november_18_2025.pdf
PENDINGtown-of-pendergrass-council-meeting-minutes-june-29-2025_d1a.pdf
ongoingMore from Town of Pendergrass
City of Pendergrass City Council Work Session Meeting Minutes 2026-04-14
City of Pendergrass Council Meeting Minutes November 2025
city_council_meeting_agenda_november_18_2025.pdf
city_council_meeting_agenda_november_18_2025.pdf
city_of_pendergrass_regular_city_council_meeting_m.pdf
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