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.