City of LaGrange Annual Budget FY 2026-27 2026-05-12
Installment Agreement Funds Visit LaGrange Office Renovation
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Description
The City is repaying a $1.635 million GMA Installment Sales Agreement at 1.59% through 2031 to finance renovations of the Visit LaGrange and Sweetland offices at 206 Ridley. FY 2027 payments of $177,551 are included in the capital improvements budget.
Contract Details
Contract Amount
$1,635,000
Vendor
GMA INSTALLMENT SALES AGREEMENT
Agency
City of LaGrange, GA
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Contract Term
1/1/2016 – 1/1/2031
Renewal Date
2031-01-01
Renewal Info
Installment sales agreement with scheduled amortization ending 2031-01-01; no renewal terms noted.
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City of LaGrange Annual Budget FY 2026-27 2026-05-12
City of LaGrange Annual Budget FY 2026-27 2026-05-12
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