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FINANCIAL_SERVICESONGOING

City of Rogue River Regular Council Meeting Agenda 2026-05-28

City Manages Transportation Infrastructure Bank Street Loans

Not to exceed $1,600,000 (two loans: $196,618 at 1% and $830,415 at 3.09%)City of Rogue RiverOREGON TRANSPORTATION INFRASTRUCTURE BANKMay 28, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

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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