City of Chamblee Downtown Development Authority AgendaPacket 2026-05-26
United Bank Loans Support DDA Financing Needs
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Description
United Bank continues to provide two long-term loans to the Chamblee Downtown Development Authority, with outstanding balances of approximately $2.9 million and $4.5 million as of April 30, 2026. Regular interest payments and internal transfers reflect ongoing debt service obligations.
Contract Details
Contract Amount
$2,897,277 (Loan #1) and $4,515,000 (Loan #2) outstanding
Vendor
UNITED BANK
Agency
City of Chamblee, GA
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Renewal Info
Long-term debt; no renewal or maturity schedule is specified in the provided documents.
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