City reviews DEQ $5M clean water loan

Scope & details

The full contract record, as filed.

Contract amount

$5,000,000 (up to 50% or $2,000,000 forgivable)

Contract type

FINANCIAL_SERVICES

Contract term

Repayment period ending no later than 30 years after the earlier of the actual or estimated Completion Date of December 31, 2026; preliminary amortization schedule 8/1/2027 – 2/1/2057

Renewal date

2057-02-01

Renewal

Single 30‑year loan term with no renewal provisions; DEQ may forgive up to 50% or $2,000,000 of principal after project completion and initial repayment if the City is not in default. Loan may be prepaid without penalty with 30 days’ notice.

Document type

Agenda

Source document

Rockaway Beach City Council Workshop Agenda January 14 2026

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AMENDED

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Rockaway Beach?

State of Oregon Acting by & Through Its Department of Environmental Quality was awarded this financial services contract by City of Rockaway Beach, as recorded on January 14, 2026. The contract value is $5,000,000 (up to 50% or $2,000,000 forgivable).

How much is the State of Oregon Acting by & Through Its Department of Environmental Quality contract with City of Rockaway Beach worth?

The State of Oregon Acting by & Through Its Department of Environmental Quality contract with City of Rockaway Beach is valued at $5,000,000 (up to 50% or $2,000,000 forgivable), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Rockaway Beach City Council Workshop Agenda January 14 2026 (Agenda), dated January 14, 2026 from City of Rockaway Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does State of Oregon Acting by & Through Its Department of Environmental Quality hold?

State of Oregon Acting by & Through Its Department of Environmental Quality may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View State of Oregon Acting by & Through Its Department of Environmental Quality's profile

What is City of Rockaway Beach currently buying?

Explore City of Rockaway Beach's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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