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Council reviews finance terms for 13 new city vehicles through GMA leasing
Kennesaw City Council
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Summary
Staff asked the council to authorize a five‑year GMA direct lease to finance 13 vehicles (10 police, 3 administrative) with annual payments of $219,302.22 at 4.49% interest for a total financing cost of roughly $963,000; the item was placed on consent.
City finance staff asked the council to authorize a vehicle lease supplement through the Georgia Municipal Association direct‑leasing program to finance 13 vehicles: 10 for police use and…
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