The city will get a trackhoe, excavator, dump truck and backhoe for its water mains work through a lease-purchase arrangement rather than paying cash upfront.
September 30, 2026: New capital lease financing for Water Mains equipment purchase
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The story
The Toccoa City Commission's budget included a proposal to buy $612,000 in equipment for the Water Mains division, funded through a GMA lease, covering a trackhoe with hammer, a mini excavator and trailer, a tandem axle dump truck, and a backhoe.
The approved budget confirms the $612,000 equipment purchase and sets up new capital lease financing for it, with $122,400 in lease principal and $5,530 in interest.
What happened
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Equipment investments in Water Mains totaling $612,000 and funded by GMA lease include: Trackhoe with Hammer, Mini Excavator and trailer, Tandem Axel Dump Truck, and Backhoe.
542500 Equipment -$ 612,000$ 612,000$
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