City of Umatilla Budget Committee Meeting Agenda Packet 2026-05-19
DEQ Loans Support Umatilla Wastewater Projects
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Description
Umatilla continues to service a long-term DEQ loan for its industrial wastewater line while preparing to draw on a newly approved $10.7 million DEQ construction loan for wastewater treatment plant upgrades. Both financing arrangements support critical sewer infrastructure at favorable interest rates.
Contract Details
Contract Amount
Approximately $2.1 million remaining on 2017 industrial wastewater line loan; $10.7 million approved construction loan for wastewater treatment plant improvements
Vendor
DEQ
Agency
City of Umatilla, OR
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
2017 loan: 30-year term at 1.56%; new DEQ construction loan term not specified
Renewal Info
2017 DEQ loan has a fixed 30-year term at 1.56%; new construction loan terms will govern repayment once project bids and closing are complete.
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