FINANCIAL_SERVICESPENDING

Cherokee County Weighs $2M SRTA GTIB Loan

Cherokee County is considering approval of a Georgia Transportation Infrastructure Bank loan agreement with the State Road and Tollway Authority for $2,000,000 to help fund Technology Ridge Parkway Phase IV and the Airport Road Spur. The five-year loan carries a 2.67% interest rate, defers amortization until project completion or full disbursement, and includes a 1% closing fee.

Status
PENDING
Document date
September 16, 2025
Contract type
FINANCIAL_SERVICES
Vendor
State Road & Tollway Authority (srta)
Agency
Cherokee County · GA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$2,000,000 loan plus 1% closing fee of $20,000
Contract type
FINANCIAL_SERVICES
Contract term
5-year loan term; amortization begins at project completion, expiration of spend-down period, or full disbursement (expected drawdown FY2026; project completion January 2027)
Renewal
Five-year GTIB loan with 2.67% interest; amortization starts upon project completion, expiration of spend-down period, or full disbursement, with no interest accrued during drawdown and the option for early prepayment. No renewals or extensions are described in the agenda request.
Document type
Agenda
Source document
cherokee-county-agenda-request-technology-ridge-parkway-loan_7b4.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Cherokee County?

State Road & Tollway Authority (srta) was awarded this financial services contract by Cherokee County, as recorded on September 16, 2025. The contract value is $2,000,000 loan plus 1% closing fee of $20,000.

How much is the State Road & Tollway Authority (srta) contract with Cherokee County worth?

The State Road & Tollway Authority (srta) contract with Cherokee County is valued at $2,000,000 loan plus 1% closing fee of $20,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in cherokee-county-agenda-request-technology-ridge-parkway-loan_7b4.pdf (Agenda), dated September 16, 2025 from Cherokee County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does State Road & Tollway Authority (srta) hold?

State Road & Tollway Authority (srta) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View State Road & Tollway Authority (srta)'s profile

What is Cherokee County currently buying?

Explore Cherokee County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Cherokee County's profile

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