City of Chamblee Downtown Development Authority AgendaPacket 2026-05-26
City of Chamblee Extends $150K Loan to DDA
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Description
The City of Chamblee has extended a $150,000 loan to its Downtown Development Authority through a series of $50,000 advances in early 2026. DDA leadership discussed potentially pausing future loan repayments in light of expected project-related administrative payments.
Contract Details
Contract Amount
$150,000 outstanding (loan balance)
Vendor
CITY OF CHAMBLEE
Agency
City of Chamblee, GA
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Renewal Info
Meeting discussion suggests repayments may be temporarily paused after a $50,000 payment due May 1, but no formal amendment or renewal terms are recorded.
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