Las Gallinas Valley Sanitary District Preliminary Budget 2024-2025
IBank Loan Supports District Capital Projects
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Description
LGVSD continues to make payments on its $12 million IBank loan for capital improvements, with annual service fees and regular principal payments through 2043.
Contract Details
Contract Amount
$10,252,581 principal as of July 1, 2024; $30,758 annual service fee for 2024-2025
Vendor
CALIFORNIA INFRASTRUCTURE & ECONOMIC DEVELOPMENT BANK
Agency
Las Gallinas Valley Sanitary Dist, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 16, 2024
Contract Term
May 2019–August 1, 2043
Renewal Date
2043-08-01
Renewal Info
No renewal; regular amortization through August 2043.
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