City of Lowell Budget Committee Agenda and Proposed Budget FY 2026-27 2026-05-20
USDA Sewer Revenue Bond Debt Service Funded
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Description
The City of Lowell services a USDA Rural Utilities Service sewer revenue bond for wastewater infrastructure, with about $289,600 in principal outstanding at 2.75% interest. The FY 2026-27 budget provides full funding for debt service through the bond’s 2052 maturity.
Contract Details
Contract Amount
$379,000 (original principal); outstanding principal $289,600 as of June 30, 2026
Vendor
UDSA - RUS
Agency
City of Lowell, OR
Contract Type
FINANCIAL_SERVICES
Document Date
May 20, 2026
Contract Term
Issue date not stated; matures 04/06/2052
Renewal Date
2052-04-06
Renewal Info
No renewal terms stated; this is a fixed-term revenue bond maturing April 6, 2052.
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City of Lowell Budget Committee Agenda and Proposed Budget FY 2026-27 2026-05-20
City of Lowell Budget Committee Agenda and Proposed Budget FY 2026-27 2026-05-20
City of Lowell Budget Committee Agenda and Proposed Budget FY 2026-27 2026-05-20
City of Lowell Budget Committee Agenda and Proposed Budget FY 2026-27 2026-05-20
City of Lowell Budget Committee Agenda and Proposed Budget FY 2026-27 2026-05-20
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