City of LaGrange Annual Budget FY 2026-27 2026-07-01
GEFA loans fund major water and sewer upgrades
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Description
LaGrange has secured GEFA financing for key water and wastewater projects, including a belt press replacement and South Davis Road water relocation, each at 3.49% interest with repayment beginning in FY 2028. FY 2027 outlays are limited to closing and preliminary costs.
Contract Details
Contract Amount
$3,700,000 original (WWTP Belt Press); $5,000,000 original (South Davis Road water relocation)
Vendor
GEFA LOAN
Agency
City of LaGrange, GA
Contract Type
FINANCIAL_SERVICES
Document Date
June 30, 2026
Contract Term
3.49% interest, matures 7/1/2047; payments begin FY 2028
Renewal Date
2047-07-01
Renewal Info
Loans amortize through 7/1/2047; no renewals anticipated.
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