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Council authorizes financing documents for new fire station through GMA/loan vehicle
Summary
Statesboro council approved Resolution 2025-26 authorizing the mayor to execute documents needed to finance construction of a new fire station using the Georgia Municipal Association financing vehicle.
The Statesboro City Council approved Resolution 2025-26 authorizing the mayor to execute documents required to finance construction of a new fire station through the Georgia Municipal Association (GMA) financing program. City staff said several documents are required by GMA and the lending vehicle, including an installment sale agreement, assignment and transfer agreement, security deed and related environmental and security agreements.
Staff recommended approval and said the financing package is necessary to move forward with construction. The council voted to authorize the documents in order to proceed with procurement and construction planning. Members of the city’s finance team and the city attorney were available to answer specific legal and financial questions during the work session prior to the vote.
