City of Villa Rica Council Meeting Agenda May 2026
Villa Rica Seeks Time Extension on GEFA Water Loan
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Description
Villa Rica plans to approve a modification to its $2.5 million GEFA loan (DW2020024) for the North Avenue Waterline Extension, extending the project schedule through December 2027 with $1,050,000 budgeted in the Water & Sewer Fund. The change responds to delays in associated road work while allowing critical water system improvements to proceed.
Contract Details
Contract Amount
$2,500,000 total loan; modification amount referenced $1,050,000
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 per modified project schedule: construction completion by December 2027
Renewal Date
2027-12-31
Renewal Info
Modification #4 extends the time for project design, bidding, and construction under the existing loan agreement without changing the principal amount, effectively extending the loan performance period through at least December 2027 per the updated schedule.
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AMENDEDIssuing Agency
Housing Authority of the city of Villa Rica
Local Housing Authority
Villa Rica, GA
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City of Villa Rica Council Meeting Agenda May 2026
City of Villa Rica Council Meeting Agenda May 2026
City of Villa Rica Council Meeting Agenda May 2026
City of Villa Rica Council Meeting Agenda May 2026
City of Villa Rica Council Meeting Agenda May 2026
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