DDA Renews Three Loans With Bank of Madison
City of MadisonCity · Madison, GA- Disclosed value
- $50,000 paydown on principal at closing
- From minutes
- Document date
- Jun 11, 2026
The 30-second brief
The Downtown Development Authority of Madison approved renewals for three Bank of Madison loans, including the Consolidated Note, Land Note conversion, and Line of Credit. The arrangement includes a $50,000 principal paydown at closing, updated collateral, and authorization for the Chair to execute closing documents.
Bank of Madison holds this financial services contract with City of Madison.
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Contract details
- Contract type
- Financial Services
- Amount
- $50,000 paydown on principal at closing
- Document date
- June 11, 2026
- Vendor
- Bank of Madison
- Agency
- City of Madison
- Source document
- Downtown Development Authority of Madison Minutes June 11, 2026 (Minutes)
Bank of Madison's other public contracts
More City of Madison contracts
Questions about this contract
Who was awarded the financial services contract by City of Madison?
Bank of Madison was awarded this financial services contract by City of Madison, as recorded on June 11, 2026. The contract value is $50,000 paydown on principal at closing.
How much is the Bank of Madison contract with City of Madison worth?
The Bank of Madison contract with City of Madison is valued at $50,000 paydown on principal at closing, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Downtown Development Authority of Madison Minutes June 11, 2026 (Minutes), dated June 11, 2026 from City of Madison. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bank of Madison hold?
Bank of Madison 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 Madison currently buying?
Explore City of Madison's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
