city-of-youngsville-report-2025-02-28_c41.pdf
DEQ Revenue Bond Funds Ongoing Sewer Improvements
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Description
The City of Youngsville maintains an ongoing bond agreement with the Louisiana Department of Environmental Quality, with more than $5.1 million outstanding for sewer system upgrades as of June 2024.
Contract Details
Contract Amount
$5,112,258 outstanding at June 30, 2024; $290,000 due within 1 year
Vendor
LOUISIANA DEPARTMENT OF ENVIRONMENTAL QUALITY
Agency
City of Youngsville, LA
Contract Type
FINANCIAL_SERVICES
Document Date
February 28, 2025
Contract Term
2019 – 2040, 0.95% interest
Renewal Date
2040-06-30
Renewal Info
Matures in 2040; no renewal, but continued drawdowns possible until cap reached.
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