City of Lowell Budget Committee Agenda and Proposed Budget FY 2026-27 2026-05-20
City Continues Business Oregon Sewer Plant Loan Repayment
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Description
The City of Lowell continues repaying its Business Oregon sewer treatment plant loan, carrying an estimated $54,369 in principal as of June 30, 2026, at 5.35% interest. The FY 2026-27 budget includes appropriations to cover all scheduled debt service through the December 1, 2027 maturity.
Contract Details
Contract Amount
$425,000 (original principal); outstanding principal $54,369 as of June 30, 2026
Vendor
BUSINESS OREGON
Agency
City of Lowell, OR
Contract Type
FINANCIAL_SERVICES
Document Date
May 20, 2026
Contract Term
Issue date not stated; matures 12/01/2027
Renewal Date
2027-12-01
Renewal Info
No renewal option is described; this is a term loan maturing December 1, 2027.
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