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GEFA Financing Secured for South Davis Road Water Relocation
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Description
The City is arranging a $5 million GEFA loan at 3.49% to fund water relocations for GDOT’s South Davis Road Phase 1, with repayments starting in FY 2028 and final maturity in 2047. FY 2027 includes interest and setup costs in anticipation of full draw.
Contract Details
Contract Amount
$5,000,000
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
Long-term loan from GEFA with planned first payments FY 2028 and final maturity 2047-07-01; no renewal terms described.
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