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GEFA Loan Approved for WWTP Belt Press Replacement
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Description
LaGrange has secured a $3.7 million GEFA loan at 3.49% maturing in 2047 to fund wastewater treatment plant belt press replacement and associated upgrades, with repayments beginning in FY 2028. FY 2027 includes closing costs and capitalized interest.
Contract Details
Contract Amount
$3,700,000
Vendor
GEFA
Agency
City of LaGrange, GA
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Contract Term
To 7/1/2047
Renewal Date
2047-07-01
Renewal Info
Fixed-term state infrastructure loan with first payments FY 2028 and final maturity 2047-07-01; no renewal options mentioned.
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