City of LaGrange Annual Budget FY 2026-27 2026-07-01
Gas Authority bonds fund new utility service center
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Description
LaGrange has outstanding $20 million Gas Authority bonds at 4.50% to finance a new Utility Service Center, with debt service commencing in FY 2028. Interest is currently capitalized during construction.
Contract Details
Contract Amount
$20,000,000 original
Vendor
GAS AUTHORITY BONDS
Agency
City of LaGrange, GA
Contract Type
FINANCIAL_SERVICES
Document Date
June 30, 2026
Contract Term
4.50% interest, matures 10/1/2046; payments begin FY 2028
Renewal Date
2046-10-01
Renewal Info
Bonds mature 10/1/2046; standard amortization expected.
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