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FINANCIAL_SERVICESAMENDED

City of Villa Rica Council Meeting Agenda May 2026

Villa Rica Extends GEFA Loan for Waterline Project

$2,500,000 loan; modification amount $1,050,000 budgeted in FY26Housing Authority of the city of Villa RicaGEORGIA ENVIRONMENTAL FINANCE AUTHORITYMay 5, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Description

Villa Rica will amend its $2.5 million GEFA loan DW2020024 for the North Avenue Waterline Extension Project, extending the schedule through late 2027 with $1,050,000 budgeted in the Water & Sewer Fund. The modification preserves state financing while the City advances critical water system improvements.

Contract Details

Contract Amount

$2,500,000 loan; modification amount $1,050,000 budgeted in FY26

Vendor

GEORGIA ENVIRONMENTAL FINANCE AUTHORITY

Agency

Housing Authority of the city of Villa Rica, GA

Contract Type

FINANCIAL_SERVICES

Document Date

May 5, 2026

Contract Term

Extended through approximately December 2027 for project completion

Renewal Date

2027-12-31

Renewal Info

Modification #4 extends the term and project schedule; future amendments may be sought if additional time or scope changes are required.

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