City of Dalton Mayor and Council Meeting Agenda March 30 2026
Dalton Approves $130 Million Revenue Bond Purchase
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Description
The City of Dalton approved a $130 million utilities revenue bond purchase by Regions Capital Advantage, Inc. to finance a new electric generation plant and utility upgrades. The Series 2026 bond matures March 1, 2038, and carries a 3.88% interest rate.
Contract Details
Contract Amount
$130,000,000.00
Vendor
REGIONS CAPITAL ADVANTAGE INC
Agency
City of Dalton, GA
Contract Type
FINANCIAL_SERVICES
Document Date
March 30, 2026
Contract Term
April 27, 2026 – March 1, 2038
Renewal Date
2038-03-01
Renewal Info
The bond is subject to optional redemptions in part or whole beginning April 27, 2028, and May 1, 2035. Renewable through additional parity bonds as stated.
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