FINANCIAL_SERVICESPENDING

KDDA Considers Lacy Project Refinancing with Citizens Bank

The Kennesaw Downtown Development Authority is considering approval and execution of refinancing documents for The Lacy on South Main, under which Citizens Bank, N.A. will act as Administrative Agent for a $58.28 million loan to Kennesaw Development Owner, LLC secured by KDDA’s bond and rental agreements. The refinancing formalizes recognition of the bank’s security interest and collateral assignment.

Status
PENDING
Document date
August 14, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Citizens Bank N.a.
Agency
City of Kennesaw · GA

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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
$58,280,000.00
Contract type
FINANCIAL_SERVICES
Renewal
Loan Agreement dated in 2026 with an Amended and Restated Deed to Secure Debt and collateral assignment of bond documents; term not explicitly stated but tied to project financing and security instruments.
Document type
AgendaPacket
Source document
Kennesaw Downtown Development Authority AgendaPacket 2026-08-14

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Kennesaw?

Citizens Bank N.a. was awarded this financial services contract by City of Kennesaw, as recorded on August 14, 2026. The contract value is $58,280,000.00.

How much is the Citizens Bank N.a. contract with City of Kennesaw worth?

The Citizens Bank N.a. contract with City of Kennesaw is valued at $58,280,000.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Kennesaw Downtown Development Authority AgendaPacket 2026-08-14 (AgendaPacket), dated August 14, 2026 from City of Kennesaw. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Citizens Bank N.a. hold?

Citizens Bank N.a. 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 Citizens Bank N.a.'s profile

What is City of Kennesaw currently buying?

Explore City of Kennesaw's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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