City Manages Transportation Infrastructure Bank Street Loans
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Description
Rogue River continues to service two Oregon Transportation Infrastructure Bank loans totaling up to $1.6 million for street system repairs. The loans, carrying interest rates of 1% and 3.09%, are repaid from property taxes and scheduled for payoff in 2037.
Contract Details
Contract Amount
Not to exceed $1,600,000 (two loans: $196,618 at 1% and $830,415 at 3.09%)
Vendor
OREGON TRANSPORTATION INFRASTRUCTURE BANK
Agency
City of Rogue River, OR
Contract Type
FINANCIAL_SERVICES
Document Date
May 28, 2026
Contract Term
Both loans scheduled to be paid off in 2037
Renewal Date
2037-12-31
Renewal Info
Two fixed-term infrastructure loans (2013A and 2013B) with maturity in 2037; no renewal options indicated.
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City of Rogue River Regular Council Meeting Agenda 2026-05-28
City of Rogue River Regular Council Meeting Agenda 2026-05-28
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