FINANCIAL_SERVICESAPPROVED

City of Dufur Resolution 01.13.2026A Sewer Revenue Bond

Dufur Approves $2.44M Sewer Revenue Bond with USDA

Not to exceed $2,442,000City of DufurUNITED STATES OF AMERICA ACTING THROUGH UNITED STATES DEPARTMENT OF AGRICULTURE RURAL UTILITIES SERVICEJanuary 13, 2026

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Description

The City of Dufur approved Resolution 01.13.2026A issuing a sewer revenue bond to the USDA Rural Utilities Service in an amount not to exceed $2,442,000 at 1.375% interest. This funding will finance construction, improvements, and expansion of the city’s sewer system and related facilities. The bond has a 40-year maturity with annual repayments.

Contract Details

Contract Amount

Not to exceed $2,442,000

Vendor

UNITED STATES OF AMERICA ACTING THROUGH UNITED STATES DEPARTMENT OF AGRICULTURE RURAL UTILITIES SERVICE

Agency

City of Dufur, OR

Contract Type

FINANCIAL_SERVICES

Document Date

January 13, 2026

Contract Term

Interest rate 1.375%, maturity 40 years from date of bond; annual installments of $79,781, final payment due 40 years after closing date

Renewal Date

2066-01-13

Renewal Info

Bond matures 40 years from closing date; early repayment allowed; renewable only if refinanced by request of the Government. Additional parity borrowings allowed under certain conditions; amendments to the bond require USDA consent while USDA is holder.

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