IBank Loan Profile: City of Laguna Beach
City of Laguna Beach
LOCATION: Laguna Beach, CA
AMOUNT ISSUED: $4,000,000 – ISRF
DATE ISSUED: June 6, 2018
ABOUT: Financing through IBank’s Infrastructure State Revolving Fund Program will enable the City of Laguna Beach to rehabilitate and replace deteriorated and over-capacity sewer mains, and replace approximately 16,600 linear feet of two parallel pipelines. The rehabilitation of the aging infrastructure is critical to the protection of the City’s seven miles of coastline that serve as a beacon for tourism, which is the foundation of the local economy. The project incorporates new technology that can repair damaged pipes in only one day.