GMA Financing Proposed for Canton HydroVac Truck
City of CantonCity · Canton, GA- Disclosed value
- $561,000 total financing; 4.37% interest rate; annual payment of $127,328.52
- From minutes
- Document date
- Oct 1, 2026
- Term
- Five years
The 30-second brief
Canton staff selected the Georgia Municipal Association's financing program as the most competitive option for a $561,000 HydroVac Truck. The proposed financing carries a 4.37% interest rate over five years, with Council action on the master and supplemental leases expected at the next meeting.
Georgia Municipal Association (Gma) holds this financial services contract with City of Canton. Its other public contracts on record include work for City of Port Wentworth and City of Cleveland.
Term as filed: Five years.
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Contract details
- Contract type
- Financial Services
- Amount
- $561,000 total financing; 4.37% interest rate; annual payment of $127,328.52
- Document date
- October 1, 2026
- Term
- Five years
- Agency
- City of Canton
- Source document
- Canton City Council Minutes 2026-10-01 (Minutes)
Georgia Municipal Association (Gma)'s other public contracts
More City of Canton contracts
Questions about this contract
Who was awarded the financial services contract by City of Canton?
Georgia Municipal Association (Gma) was awarded this financial services contract by City of Canton, as recorded on October 1, 2026. The contract value is $561,000 total financing; 4.37% interest rate; annual payment of $127,328.52.
How much is the Georgia Municipal Association (Gma) contract with City of Canton worth?
The Georgia Municipal Association (Gma) contract with City of Canton is valued at $561,000 total financing; 4.37% interest rate; annual payment of $127,328.52, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Canton City Council Minutes 2026-10-01 (Minutes), dated October 1, 2026 from City of Canton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Georgia Municipal Association (Gma) hold?
Georgia Municipal Association (Gma) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Canton currently buying?
Explore City of Canton's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.